Best And Worst S&P 500 Stocks On The Road To Nowhere

Adjust Comment Print

Hong Kong's Hang Seng slipped 0.5 percent to 27,626.06, while the Shanghai Composite fell 0.6 percent to 2,718.71, erasing some of the gains from the previous day. In the 1990s bull market, the current record holder for the longest, stocks rose 417 percent.

Wall Street stocks rose in early trading Tuesday, with the S&P 500 pushing near a record, as the U.S. signaled it could delay a closely-watched decision to impose new tariffs on autos.

U.S. stocks have been supported this year by strong earnings growth, even in the face of trade disputes, turmoil in emerging markets, higher interest rates, and other factors that created volatility at various times during the year.

The proposed tariffs are among President Donald Trump's most controversial ideas since he began pushing aggressive trade policies this year.

"Investors, overall seem more optimistic that the troubles with global trade may get resolved this week", said Kate Warne, principal and investment strategist at Edward Jones in Des Peres, Missouri. Brent crude, the standard for worldwide oil prices, gained 11 cents to $72.74 per barrel in London.

"We've seen a continuation of strong earnings and signs of stronger economic growth and you would expect investors to be confident in this kind of an environment and expect stocks to rise".

Led by tech and utilities companies, the benchmark S&P 500 index surpassed its previous intra-day record of 2,872.87.

Musk tells newspaper he's cracking under stress of Tesla job
Musk has argued that taking Tesla private would relieve the company of the "enormous pressure" of Wall Street's expectations. Elon Musk said no one saw or reviewed his tweet about the plan to take the electric-car maker private before he posted it.

Zach Smith: Explosive new allegations surface about disgraced former OSU coach (Sportsnaut)
Day didn't take any questions, but he did release a statement discussing Ohio State's progress this fall. Attorney for the Southern District of NY . "I think he's pretty close", Finebaum said.

Asia Argento Paid Off Her Own Sexual Assault Accuser
Argento's lawyer, Carrie Goldberg , had not made an official comment and Bennett had not released a statement as of early today. Argento told the magazine that she continued to have a relationship with Weinstein because she was afraid of angering him.

Shortly after the opening bell, the S&P 500 added almost 8 points to climb to 2,865, putting the index within a short range of exceeding its all-time high of 2,872.

Shares of bank stocks rose.

Investors are also looking to Wednesday's release of minutes from the US Federal Reserve's August meeting, and a speech by Fed Chairman Jerome Powell on Friday for clues on future rate hikes. JPMorgan Chase & Co, Bank of America, Citigroup and Morgan Stanley were up between 1.2 percent and 1.4 percent. Target rose 4.8 per cent and Lowe's jumped 7.5 per cent.

S&P 500 earnings grew 23% in the first quarter, the strongest pace in seven years.

Toll Brothers Inc jumped 13.53 percent after reporting better-than-expected quarterly results that also lifted other homebuilders.

Online brokers Charles Schwab, E*Trade Financial and TD Ameritrade tumbled between 3 percent and 5.8 percent after CNBC reported JPMorgan planned to roll out a free digital brokerage service next week. Advancing issues outnumbered decliners by a 3.06-to-1 ratio on the Nasdaq.

The near-decade rally in USA stocks tied for the longest ever on Tuesday, with the Standard & Poor's 500 index notching an all-time high on a mix of strong quarterly earnings and hints that trade tensions with China are cooling.