USA stock indexes mixed in afternoon trading; oil rebounds


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. 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.

More news

  • Uncertainty surrounds the future of West Ham boss Slaven Bilic

    After losing five of their opening six games, the club now reside 12th in the standings, 17 points adrift of the top seven. "They are locals, they are West Ham, they talk to the papers, Twitter, Instagram, that one, that one", said Bilic.
    NBC to Broadcast Winter Olympics Live Across All Time Zones

    NBC to Broadcast Winter Olympics Live Across All Time Zones

    This will be the first time the Winter Olympics will be available to all viewers across the country at the same time . It went like this: The Olympic Games are a global event that often happens half a world away from the United States.

    Day 2 of NCAA Tournament opens with red-hot Michigan

    The Cowboys come into the tourney with three straight losses, all to ranked teams, and four straight losses in NCAA Tourney play. It looked like that streak might end Friday after Oklahoma State opened the second half on a 12-5 run to take a 52-46 lead.
  • Sesame Street welcomes autistic Muppet

    Later, when a group of children are playing tag, Julia starts jumping up and down with excitement. The new character will make her debut on the show in April, reported Huffington Post.
    White House Officials Helped Give Nunes Intelligence Reports

    White House Officials Helped Give Nunes Intelligence Reports

    He said he wants to know why the materials appeared to be directed through Nunes if they originated at the White House. Cohen-Watnick was almost fired earlier in the month at the request of National Security Advisor Lt.
    US Coast Guard seizes 16 tons of cocaine

    US Coast Guard seizes 16 tons of cocaine

    Coast Guard officials said the drugs were intercepted along Central and South America by Coast Guard and Canadian crews. HMCS Saskatoon out of CFB Esquimalt was involved in the massive cocaine bust that seized 14.5 tonnes of the drug.
  • Is April the giraffe still pregnant?

    Is April the giraffe still pregnant?

    Four hours later, almost 200,000 watched as April calmly flicked her tongue while her beau Oliver stood in the background. April has been with Animal Adventure Park since September 2015 and this is her first calf birth at the park.
    Oculus Co-Founder Palmer Luckey Is Out at Facebook

    Oculus Co-Founder Palmer Luckey Is Out at Facebook

    UploadVR say they asked if Luckey's departure was voluntary, to which Facebook declined to comment due to their internal policies. Facebook said it will appeal the decision. "We're thankful for everything he did for Oculus and VR and wish him the best".

    Oil rises on Libya disruption and likely Opec output cut extension

    Our base case assumption includes an extension of the OPEC cuts beyond June 30, albeit with weaker compliance in H2 2017. The impact of this production curb was largely ineffective due to rising U.S. production during the same time.
  • Can Manchester United catch Tottenham Hotspur in second?

    The last seven Premier League meetings between these two sides have produced 27 goals - 3.86 per game, on average. There are probably five teams fighting for that top four.

    Dazzling 'Ghost in the Shell' is lost in translation

    The Verge , for example, said the movie is "a solid film built on a broken foundation". Just make sure you see it in IMAX.
    John Legend gives London train station surprise performance

    John Legend gives London train station surprise performance

    He had arrived at the station after boarding the Eurostar in Paris, where he sang at Disneyland Paris' 25th anniversary party. The singer received huge cheers from fans who took pictures and filmed the impromptu set on their phones.