Tajuk : STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know
link : STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know
STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know
Yana Paskova/Getty Images
The Nasdaq Composite and the S&P 500 indexes hit their all-time closing records on Thursday after another day of solid gains. The Dow Jones industrial average remained above 21,000, but still shy of its record.
Crude oil, on the other hand, tumbled after the conclusion of the meeting agreed to extend production cuts for nine months.
We’ve got all the headlines, but first, the scoreboard:
- Dow: 21,082.64 +70.22, (+0.33%)
- S&P 500: 2,415.16, +10.34, (+0.43%)
- Nasdaq: 6,203.44, +40.49, (+0.69%)
- US 10-year yield: 2.255%, -0.011
- WTI crude oil: $48.86, -2.68, -5.22%
- OPEC agreed to extend crude oil production cuts for nine more months, but crude oil still dived. WTI dived by more than 5% in trading on Thursday after the oil cartel wrapped its meeting with an agreement to extend, but not deepen cuts.
- Bitcoin surged to an all-time high before diving. The cryptocurrency nearly cracked $2,800 a coin before falling back down to just over $2,400 a coin. Bitcoin is still up roughly 140% for the year.
- Amazon toyed with the $1,000 per share mark. The tech giant traded as high as $998 per share before settling around $994. The stock is up 41% over the past year and 50,000% over the last 20 years.
- Initial jobless claims rose slightly. Claims, which count the number of people who applied for unemployment insurance for the first time, rose by 1,000 to 234,000 from last week’s upwardly revised 233,000. this was still lower than economists’ forecast of 238,000.
- Best Buy beat on earnings. Comparable sales for the retailer climbed 1.6%, exceeding consensus forecasts of a 1.5% contraction. The firm reported first-quarter profit of $0.60 per share, above the average estimate of $0.40 per share and beating even the most optimistic forecast.
- Sears turned a quarterly profit for the first time in almost 2 years. The struggling department store chain reported the gain due to the sale of its Craftsman tools unit. Without the sale, the firm would have reported a loss.
ADDITIONALLY:
Everyone is missing a critical point about Sears’ first quarter profit
Morgan Stanley’s latest prediction about the future of self-driving cars should terrify automakers
Corporate America investing in itself is going to be what powers stocks higher
A legendary hedge fund that raised $5 billion in 24 hours expects ‘all hell to break loose’
Hedge funds are betting billions that a stock loved by millennials will plummet
There’s a big divide in California’s housing market
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rVnlGm
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Yana Paskova/Getty Images
The Nasdaq Composite and the S&P 500 indexes hit their all-time closing records on Thursday after another day of solid gains. The Dow Jones industrial average remained above 21,000, but still shy of its record.
Crude oil, on the other hand, tumbled after the conclusion of the meeting agreed to extend production cuts for nine months.
We’ve got all the headlines, but first, the scoreboard:
- Dow: 21,082.64 +70.22, (+0.33%)
- S&P 500: 2,415.16, +10.34, (+0.43%)
- Nasdaq: 6,203.44, +40.49, (+0.69%)
- US 10-year yield: 2.255%, -0.011
- WTI crude oil: $48.86, -2.68, -5.22%
- OPEC agreed to extend crude oil production cuts for nine more months, but crude oil still dived. WTI dived by more than 5% in trading on Thursday after the oil cartel wrapped its meeting with an agreement to extend, but not deepen cuts.
- Bitcoin surged to an all-time high before diving. The cryptocurrency nearly cracked $2,800 a coin before falling back down to just over $2,400 a coin. Bitcoin is still up roughly 140% for the year.
- Amazon toyed with the $1,000 per share mark. The tech giant traded as high as $998 per share before settling around $994. The stock is up 41% over the past year and 50,000% over the last 20 years.
- Initial jobless claims rose slightly. Claims, which count the number of people who applied for unemployment insurance for the first time, rose by 1,000 to 234,000 from last week’s upwardly revised 233,000. this was still lower than economists’ forecast of 238,000.
- Best Buy beat on earnings. Comparable sales for the retailer climbed 1.6%, exceeding consensus forecasts of a 1.5% contraction. The firm reported first-quarter profit of $0.60 per share, above the average estimate of $0.40 per share and beating even the most optimistic forecast.
- Sears turned a quarterly profit for the first time in almost 2 years. The struggling department store chain reported the gain due to the sale of its Craftsman tools unit. Without the sale, the firm would have reported a
ADDITIONALLY:
Everyone is missing a critical point about Sears’ first quarter profit
Morgan Stanley’s latest prediction about the future of self-driving cars should terrify automakers
Corporate America investing in itself is going to be what powers stocks higher
A legendary hedge fund that raised $5 billion in 24 hours expects ‘all hell to break loose’
Hedge funds are betting billions that a stock loved by millennials will plummet
There’s a big divide in California’s housing market
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rVnlGm
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know
Kini anda membaca artikel STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/stocks-hit-all-time-highs-oil-tumbles.html
0 Response to "STOCKS HIT ALL-TIME HIGHS, OIL TUMBLES: Here’s what you need to know"
Catat Ulasan