Wall opens slightly higher, Dow hits record

E-mini S&P 500 Index
Weekly September E-mini S&P 500 Index
Author

09 August, 2017

On Tuesday, the stock indexes of Unites States opened on a lower note as investors paused after a recent record-breaking rally, which has helped Dow to notch up 9 straight sessions of record close.

The S&P rose 0.2 percent to break its previous high of 2,484.04, its first record close since July 26. The Nasdaq composite fell 13 points, or 0.2 percent, to 6,370.

Avis Budget Group fell 7.94 percent as the vehicle rental company cut its full-year profit view.

Stocks are edging higher in midday trading as gains by technology and consumer-focused companies outweigh losses in the banking and energy sectors.

Wal-Mart (WMT.N) shares were up almost 1%.

"We have strong earnings that is helping the market", said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group.

The Nikkei closed down 0.3 percent, also dragged down by tech giant SoftBank slipping into negative territory as it announced a dive in April-June net profit.

Neymar rejects Figo comparisons over world-record PSG switch
It was the most hard decision of my life to leave Barcelona , but I felt like it was the right moment to leave. Hundreds of PSG fans had lined up to purchase replica team jerseys with Neymar's name on earlier Friday.


Sri Lanka's struggle continues in Galle Test vs India (Lead Lunch Report)
The limited overs opener was in Hong Kong with family on a holiday two days before India's departure to Sri Lanka . Kohli described the win as "more special" since the pitch did not offer much to the bowlers.


Three more Gujarat Congress MLAs resigned, set to join BJP
On Thursday, Balwantsinh Rajput, Chief Whip of Congress , Tejshree Patel and P.I.Patel resigned as Congress MLAs and joined BJP. Dang MLA Mangal Gavit and Ishwarbhai Patel, another Congress legislator present at the press meet, made similar allegations.


Warren Buffett's Berkshire Hathaway was down 1.11 percent after the company reported a drop in second-quarter profit. Anadarko Petroleum lost 1.1 percent.

Health care and technology companies had some of the biggest declines in early trading Tuesday.

In Europe, London's commodities-heavy FTSE 100 index of major blue-chip firms stocks ended the day with a 0.1 percent gain.

Chief market strategist at FBN securities Jeremy Klein told CNBC that Apple's continued success was helping drive the strong earnings. Tyson Foods gained 4.8 percent as its forecasts pleased investors.

The Standard & Poor's 500 index was unchanged at 2,476. In 2017, the S&P and the Nasdaq have climbed 10.6% and 17.9% respectively.

The Dow Jones industrial average lost 39 points, or 0.2 percent, to 22,079.


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