Mar 03 2017
Wall Street declined on Tuesday with the Dow Jones halting its record-setting streak as investors awaited President Donald Trump's address to Congress, while a disappointing outlook from Target dragged down retailers.
The blue-chip gauge closed above 20,000 just a couple of weeks ago which marked the second fastest gain to a 1,000-point milestone at 42 days.
JPMorgan Chase rose 2.6 percent and Goldman Sachs rose 2.1 percent, the biggest increases in the Dow.
"The case for monetary policy tightening has become a lot more compelling", New York Fed President William Dudley told CNN. The Standard & Poor's 500 index fell 4 points, or 0.2%, to 2,362. However, it is the Nasdaq that outperformed the rest with 5.13 percent gain in February until the closing of February.
TRUMP SPEECH: Investors were listening closely to Trump's speech to Congress, hoping for concrete policies to match his promises for an economic revival.
Oil service stocks also saw considerable strength, driving the Philadelphia Oil Service Index up by 2.8 percent.
Moreover, Russia's Energy Minister Alexander Novak said yesterday that the nation's total crude output will be lower this month as compared to last month.
Trump's proposed $1 trillion infrastructure plan, funded through tax credits and federal money, has also been delayed by the ObamaCare logjam and will struggle win earn support from spending-averse Republicans.
In his speech, Trump said he wanted to boost the USA economy with tax relief, an overhaul of the Affordable Care Act and a $1 trillion infrastructure effort, though he also said he was open to a broad overhaul of the US immigration system. The NYSE Arca Steel Index shot up by 3.3 percent.
Charles Schwab (SCHW.N) fell 3.2% after the company said it would cut its ETF trade and online equity fees, following similar cuts by Fidelity Investments. The president's speech later today will be closely watched by futures traders, and could have a direct impact on Wall Street as soon as tomorrow's open. TD Ameritrade (AMTD.O) fell 10.4%.
The S&P 500 index ended at 2395.96 levels, increasing 32 points. South Korea's markets were closed for a holiday. Singapore's Straits Times index was up 0.1 percent and the Taiwan Weighted gained 0.2 percent while India's Sensex was marginally higher after hitting a 52-week higher earlier in the session.
Mar 02 2017
Dancing with the Stars
The former Olympic figure skater won a silver medal in the 1994 Olympics and a bronze medal in the 1992 Olympics. SIMONE BILES - At 19, Biles is already an Olympic Gold medalist in vault, floor, Individual and Team All-Around.
Mar 01 2017
Cassidy applauds Trump's order to eliminate Obama-era environmental rule
The move is the first of several environmental directives expected from the Trump administration in coming days. WOTUS, which was finalized by the Environmental Protection Agency and the U.S.
Feb 25 2017
Trump performing balancing act between supporting, ignoring Jewish interests
The United States should renew its commitment to the two-state solution and opposition to new Jewish settlements in the West Bank. Foreign policy analysts were quick to mock the poor guy for his obvious lack of knowledge: "One state - an impossibility".
Feb 24 2017
Giraffe LIVE webcam back on Youtube after being taken down
April is a 15-year old lady and a resident of Animal Adventure Park in Harpursvile, New York. 'We are all on the same team. "This is the ideal example of why we can't have nice things", said Jordan Patch, owner Animal Adventure Park in NY .
Feb 24 2017
Thousands furious over giraffe birth cam being shut down
Park officials ask that curious viewers and supporters not contact them Thursday, as the zoo has been inundated with messages. The park says YouTube chose to take down the feed briefly after animal rights extremists complained about it.
Feb 24 2017
Alaves hope to extend deal for Real Madrid midfielder Marcos Llorente
Madrid travel to Valencia in La Liga on Wednesday for one of their two games in hand on title rivals Barcelona and Sevilla. Real Madrid's hopes of extending their lead at the top of the Spanish Liga were hit by a 2-1 defeat at Valencia tonight.
Feb 23 2017
Galaxy Tab S3 leaked render shows up with keyboard cover
The Samsung Galaxy Tab S3 is also expected to be able to support an S Pen stylus, according to the same leaked manual . The keyboard resembles the black and whites of the iPad Pro, which would be a chicklet-style keyboard for the tablet.
Feb 23 2017
How to Impress Your New Boss If He's NBA Legend Magic Johnson
Lakers went ahead and Name the Greatest Laker Ever Magic Johnson to President of Basketball Operations . Now let's say that the mock draft is 100% accurate and the Lakers draft Josh Jackson.
Feb 21 2017
The incredible moment Elon Musk's SpaceX rocket lands back at Cape Kennedy
The company has clarified that its engineers are working on the issue and the launch should not be delayed by more than 24 hours. The launchpad is iconic because it was once used for NASA space shuttles that landed astronauts on the moon.
Feb 21 2017
Dustin Johnson takes over golf's number one ranking after win
Johnson also finished tied for seventh at the 2015 PGA Championship, which was also held at Whistling Straits. Johnson leads by one over Pat Perez and Cameron Tringale with Jhonattan Vegas, Patrick Rodgers and J.T.
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