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S&P nears 2500 as tech stocks rebound

17 September 2017

USA stock indexes are inching mostly higher in early trading on Wall Street as more gains for Boeing send the Dow Jones industrial average above the record high it reached a day earlier. The Dow Jones Industrial Average ended the session at yet another record high, logging its 39th record close this year - up zero.2 percent at 22,203.4-8.

The Standard & Poor's 500 index slid 3 points, or 0.2 percent, to 2,494 as of 10:26 a.m.

US retail sales unexpectedly fell in August as Hurricane Harvey likely depressed motor vehicle purchases, dropping 0.2 percent last month. The jump comes on the back of stronger-than-expected inflation numbers which increased expectations for a Federal Reserve rate hike.

Graphics chipmaker Nvidia (NVDA) posted a standout gain after Evercore ISI raised its price target on the company's stock to USD250 from USD180.

The 14-day ADX for Lyxor UCITS ETF Dow Jones Industrial Average D-EUR (DJEL.L) is now at 15.38. The stock was the biggest drag on the S&P.

Tennessee senior safety Todd Kelly Jr. has potential season-ending knee injury
Offensively, Tennessee football averages 42.0 points and 435.0 total yards (106.5 in passing and 328.5 in rushing) per game. Last season, Kelly led the Vols with 71 tackles, and had two interceptions, starting 11 of Tennessee's 12 games.

USA stocks edged higher Friday as technology companies and banks rose. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Other benchmark indexes also hit fresh highs, with the Dow Jones Industrial Average topping 22,200 and the Nasdaq Composite Index approaching 6,500. The Russell 2000 index of smaller-company stocks picked up 6.69 points, or 0.5 percent, to 1,431.71.

Apple added 1.4 percent Friday, while Boeing moved up 1.5 percent.

We can also take a look at the Average Directional Index or ADX of Lyxor UCITS ETF Dow Jones Industrial Average D-EUR (DJEL.L).

The consumer discretionary index fell 0.54%, pulled down by a 0.74% decline in Amazon.com and a 0.93% dip in Walt Disney.

USA crude settled unchanged at $49.89 per barrel and Brent rose 15 cents to settle at $55.51 a barrel. The yield on the 10-year Treasury note rose to 2.20 percent from 2.19 percent.

Facebook Turns Over Details of Russian Campaign Ads to Mueller
That detailed information included copies of the actual ads, along with details about the purchases, the Journal reported . CNN confirmed on Saturday that Mueller had indeed obtained the information with the help of a warrant .

Credit monitoring companies continued to fall as Senate Democrats introduced a bill that would prevent the companies from charging fees to consumers who want their credit frozen.

The US$226mln-valued company'sstock rose 3.5% on the news. The three major indexes were on track to log gains for the week, with the Dow poised for its best week in more than eight months.

The Fed said Hurricane Harvey is estimated to have reduced the rate of change in total output by roughly three-quarters of a percentage point. Against the euro, the dollar is valued at $1.1967 compared to yesterday's $1.1919.

South Korea's Kospi index closed 0.4% higher, bouncing back from an earlier drop, as Asian markets overall finished mixed.

Budget plan: New cellphone tax, reduced tax credits
Bronin asked for an additional $40 million this fiscal year while the GOP plan adds $7 million in Education Cost Sharing funds. Those new limits would reduce required pension payments by $119 million this fiscal year and by $151 million in 2018-19.

S&P nears 2500 as tech stocks rebound