02 April, 2017
Economic data may continue to attract attention on Friday, with traders likely to keep an eye on reports on personal income and spending, consumer sentiment, and Chicago-area business activity. Real estate companies led the gainers.
For the day, the Dow Jones Industrial Average closed at 20663.22 for a loss of -65.27 points or -0.31%.
The S&P 500 Information Technology Sector has gained almost 12.5% since January, making it the best-performing sector over the past three months.
At 11:327 a.m ET, the Toronto Stock Exchange's S&P/TSX composite index was down 11.48 points, or 0.07 per cent, to 15,567.28. The Nasdaq was coming off its latest all-time high. Eastern Time. The Standard & Poor's 500 index fell 3 points, or 2 per cent, to 2,364.
The Dow Jones closed up 69 at 20,728, while the S&P500 added nearly seven points to stand at 2,368.
The Nasdaq Composite, up 10 of the past 12 sessions, set a record closing high.
Economic data earlier in the day showed that the domestic economy grew at a faster pace in the fourth quarter than previously estimated.
-Yields on 10-year Treasuries climbed four basis points to 2.42 percent.
Venezuela court says it can take over Congress' powers
Germany has accused Venezuela's president of holding the country's population as "hostages" in his battle with parliament. Even though these legislators no longer sit, the court said parliamentary leaders had not handled their case properly.
National Football League takes Vegas gamble with approval to move Oakland Raiders, fans divided
UNLV is set up to be a beneficiary of the Oakland Raiders' impending move to Las Vegas. "You just don't move certain franchises". After the Warriors beat the Rockets 113-106 on Tuesday night, Green was asked for his opinion on the Raiders' relocation plan.
Adele: 'I don't know if I will ever tour again'
Though there is no problem at filling up arenas, the gruelling schedule is not something she is cut out for, she admits. Melancholy crooner Adele has been on tour for a while now, despite her well-documented stage fright .
But the rally may be near its peak, according to a Reuters poll of strategists, who forecast USA shares will gain less than 3 percent between now and year-end. Meanwhile, an inflation gauge closely watched by the Federal Reserve increased 2.1 per cent in February compared to a year ago, a five-year high.
Official stats earlier showed the U.S. economy, or GDP - the overall value of all goods and services produced by a country- rose at a 2.1% annualized pace in the fourth quarter, which was faster than the 1.9% rate - so it was an upwards revision.
Amazon.com was the top stock on the S&P and the Nasdaq, with a 0.5-per-cent gain.
ConocoPhillips COP.N rose 7.2 percent to $49.24 after the company said it agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy CVE.N . CarMax slid 79 cents, or 1.3 per cent, to $59.27. AutoNation fell $1.33, or 3.1 per cent, to $42.16, the biggest decliner in the S&P 500. CIBC said it offered about US$4.9 billion in cash and stock, up from the earlier US$3.8 billion offer.
Yoga and athletic attire company Lululemon Athletica sank 23.4 per cent as it projected first-quarter sales and profits well below analyst expectations and said it experienced a "slow" start to 2017.
Also higher was Six Flags Entertainment Corp (NYSE:SIX), the world's largest theme park operator, whose shares gained 1.25% to stand at $59.25 a pop.
ACQUISITION AGREEMENT: TRC vaulted 45.6 percent after the engineering and consulting services company agreed to be bought by a unit of the investment firm New Mountain Capital for $17.55 a share, or $365.5 million.