Home » Money

Dow ends at 2nd straight record ahead of bank earnings

15 July, 2017, 00:45 | Author: Paula Vaughn
  • E-mini NASDAQ-100 Index

Companies in the S&P 500 are expected to report an increase of six percent in operating earnings per share compared with the year-ago period, according to CFRA Research.

Federal Reserve Chair Janet Yellen told a Senate panel on Thursday that it would be "quite challenging" for U.S. growth to reach a three-per cent target set by President Donald Trump. Big-dividend stocks like utilities and real estate companies rose as bond yields fell.

The benchmark index climbed 123.07 points, or 0.6%, to 21,532.14.

The Russell 2000 is up 12.98 points, or 0.9 percent.

House surprisingly rejects ban on military funding for transgender health needs
Trans people who were already serving in secret were allowed to immediately come out without fear of being discharged. Jared Polis , a Democrat from Colorado, attempted to remove Hartzler's amendment from the bill.

British shares underperformed, with AstraZeneca weighing on the healthcare sector and BP and Royal Dutch Shell tracking crude prices lower.

Japan's Nikkei 225, however, closed flat, up just 0.01 per cent at 20,099.81. It measures the daily stock price movements of 30 large, publicly-owned US companies.

Target shares jumped 4.8 percent, Wal-Mart Stores gained 1.5 percent, Macy's 4.2 percent and Best Buy 2.6 percent.

Stocks wrestled to a healthy finish Thursday in a session where early gains were dented by Senate testimony from Federal Reserve Chair Janet Yellen. The technology-heavy Nasdaq Composite Index added 1.1% to 6,261.17.



Security official: Two German tourists killed in Egypt knife attack
An initial investigation suggests that the man reached the hotel by swimming from a nearby beach and attacked the tourists. The attack came only a few hours after five policemen were shot dead in Cairo's twin city of Giza.

Sen. Cruz on Supporting Health Bill: 'Depends What's In' It
Obamacare can be fixed but what the House and Senate Republicans have proposed is not reform and is not acceptable. It comes two weeks after he announced his decision to delay the vote on the previous health care bill.

T gene therapy for leukemia clears FDA hurdle
It's also unclear if patients whose cancer goes into remission will be cured or will have their cancer return eventually. CAR-T therapy is a high risk approach, and little is known about any long-term toxicity effects of treatments.

Flash flood warning issued for Chicago, north suburbs
A Flash Flood Watch is in effect for Broome, Chenango, Cortland, Delaware, Otsego, Tioga and Tompkins counties until 8 a.m. Areas of the state hit hard today could be most susceptible to flooding as rain comes through tonight and Friday .

Corruption Conviction Overturned for Ex-NY Assembly Speaker
He represented the 65th Assembly District for decades before being forced to relinquish his position after the conviction. He was forced to vacate the Assembly seat he'd held for nearly 40 years, and sentenced to 12 years in federal prison.