Wall St higher at the open; Dow hits record high

Wall St higher at the open; Dow hits record high

USA stocks were higher in early afternoon trading on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting record highs as technology stocks rebounded after recent losses.

The S&P technology sector finished up 1.7 percent after its second straight weekly decline, which was triggered by fears of stretched valuations. The tech sector's 1.25 percent rise led the gainers on the S&P 500.

Leading the rebound, Apple, Microsoft and Alphabet were all up between 0.8 percent and 1 percent in premarket trading.

Thanks largely to the tech gains, the Nasdaq's 1.4% rise represented the index's biggest one-day point and percentage move since November 7; Apple jumped 2.9% in its biggest one-day advance since February, while Facebook gained 1.5% and Amazon added 0.8%.

The technology gains helped lift the Nasdaq index by 0.9% to 6,209.16.

This story has not been edited by Firstpost staff and is generated by auto-feed. Deutche Bank also downgraded the stock from buy to hold.

The deal by Amazon, a proven retail disruptor, marked a major step by the internet retailer into the brick-and-mortar retail sector.

London Mosque Attack: Suspect arrested on suspicion of terror offenses, officials say
Eyewitness told Sky News and other British media that the van seemed to have veered and hit people intentionally. Khalid said three of his friends were injured in the attack , including one who was hit and pinned under the van.

"We suspect, an upholding of least one more rate hike will likely be supported", said aid Peter Cardillo, chief market economist at First Standard Financial in NY.

The Fed commentary last week had surprised investors who expected more caution after some weak US economic data.

Dow component Boeing (BA) rose 1% after saying at the Paris Air Show that it expects to get over 240 orders worth a total of more than $30 billion for its new 737 Max 10.

Oil prices edged higher, after coming under pressure over the past month from rising production.

Advancing issues outnumbered declining ones on the NYSE by a 1.68-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.

The Dow and S&P 500 were on track to secure all-new highs by market close.

Related News:

  • ICC Champions Trophy: India, Pakistan Players Share A Laugh After The Final

    ICC Champions Trophy: India, Pakistan Players Share A Laugh After The Final

    Read the full Inquisitr match report on Pakistan's spectacular 180-run domination of arch-rivals India by clicking on this link . Pakistan thrashed arch-rivals India by 180 runs to win the global cricket tournament at The Oval in London , U.K. on Sunday.

    Van mows down worshippers leaving London mosque, here are all the reactions

    In the past three months, mosques across Britain have reported several attacks against worshippers and places of worship. Nine other people were injured, while the attacker has been taken into police custody.
    Arthur hopeful of World XI visit to Pakistan after Champions Trophy triumph

    Arthur hopeful of World XI visit to Pakistan after Champions Trophy triumph

    But ostensibly for Indian commentators and fans, there was never a problem whatsoever for Indian team at any stage. In Sarfraz, it now has a captain who can perhaps take the team to unprecedented glory in the years ahead.
  • Grenfell Tower: 79 presumed dead in London fire

    Some wore T-shirts with images of missing loved ones as they climbed the front steps and pushed their way into the building. But the government has been criticized for failing to act on recommendations from previous tower block fires.

    Liontrust Asset Management PLC

    TheStreet upgraded shares of GlaxoSmithKline PLC from a "c" rating to a "b" rating in a research note on Friday, May 19th. The stock of Crest Nicholson Holdings PLC (LON:CRST) has "Buy" rating given on Wednesday, November 16 by HSBC.
    Real Madrid boss Perez tackles Ronaldo problem

    Real Madrid boss Perez tackles Ronaldo problem

    Cristiano Ronaldo has told his agent Jorge Mendes to seal a dream return to Manchester United . "And I'm sure he's happy at that club".
  • "No doubt" over Britain leaving EU: UK minister

    This will include helping the Government to establish its position for future relations with Europe and outside of the EU. The comments came as a poll revealed that Labour voters overwhelmingly support the softest possible Brexit deal.

    Ballack expects Ronaldo to stay at Real Madrid

    Michael Ballack expects Cristiano Ronaldo to remain at Real Madrid amid rumours linking the Portuguese superstar with a shock exit.
    Zinedine Zidane Tries to Convince Cristiano Ronaldo to Stay

    Zinedine Zidane Tries to Convince Cristiano Ronaldo to Stay

    Manchester United are ready to offer Real Madrid £175million plus David de Gea for the services of Cristiano Ronaldo , reports claim.
  • Antonio Conte unhappy with Chelsea over transfer strategy

    Antonio Conte unhappy with Chelsea over transfer strategy

    And Ronaldo could be the flawless antidote to Chelsea's striker problems, with Conte determined to sell Diego Costa this summer. He has two years remaining on a £6.5million-a-year contract, but could see his salary boosted by £3m.

    White House confirms Trump met with Mueller

    Snowden has been living in Russian Federation since 2013 when it gave him asylum, resisting USA pressure to extradite him. Mr Trump has called the initial Washington Post report a "phoney story" and a " witch hunt ".
    1 dead, at least 10 injured after vehicle strikes pedestrians in London

    1 dead, at least 10 injured after vehicle strikes pedestrians in London

    Witnesses described hearing the man, who was detained by members of the public at the scene, shout: "I'm going to kill Muslims". The Finsbury Park terror attack suspect was filmed blowing a kiss at onlookers in chilling footage filmed after his arrest.


Most liked

Season's first West Nile-infected mosquitoes found on Staten Island
TCPH is reminding residents of the importance of taking personal protective measures to safeguard against West Nile Virus. The health department also advises that people avoid being outside during dusk and dawn, when mosquitoes are most active.

United States confirms high-level visit to N. Korea behind student's release
Tillerson said the State Department is still working to secure the release of three other USA citizens detained in North Korea . Shortly after Warmbier's sentencing, Kim Dong-chul, was arrested on accusations of espionage, and has been held ever since.

Gunmen storm Mali tourist resort
Security minister Salif Traore said 32 hostages were freed after an operation by special forces, which have surrounded the resort. Eight people were injured, including six members of the security forces and two civilians, while 36 people were rescued unhurt.

Police Investigating London Van Attack As Possible Terrorism
Another shows him sweating with a bruised face after video appeared to show him being puncched and kicked by people at the scene. A leader of the Muslim Council of Britain called for extra security at mosques in light of the apparent attack.

Brexit Talks Should Be Postponed
The parties have until 29 June to reach agreement and have been warned that direct rule could follow if they can't. Talks between the two are ongoing but the opening of the new Parliament is set for Wednesday.

Brexit negotiations begin in Brussels
Merkel spoke after meeting with Romanian President Klaus Iohannis, who also stressed the 27 European Union countries' unity. But the structure of divorce negotiations outlined Monday requires other key issues to be settled first.

London Attack: What We Know Right Now
Khalid Amin told BBC television that when people seized the driver, "he was shouting: "All Muslims, I want to kill all Muslims". Locals pounced on the driver and two or three men pinned him down, then others waded in, trying to punch and kick him.

Russian Federation issues strong statement after U.S. coalition downs Syrian jet
The Pentagon said that pro-government militiamen had attacked SDF units, driving them from the town of Ja'Din. US-backed forces have encircled the city of Raqqa and captured several districts from ISIL fighters.

Six dead in Orlando workplace shooting
Neumann paused at least once to reload his gun. "All she kept saying was he was holding a gun and told her to get out", said. Neumann was, however, involved in a June 2014 workplace incident, where he had allegedly battered a co-worker.

First footage emerges from inside London tower blaze
Police say the harrowing search for remains had paused Friday because of safety concerns at the blackened tower but has resumed. Meanwhile, dozens of people erupted into Kensington and Chelsea town hall to protest the lack of response following the fire.

Spicer is 'kind of useless'
The White House is refusing to answer those questions on camera, or in any kind of fashion where we can record the audio. The daily press briefings have already been a farce , and the new ban has made the situation even worse.

British PM vows to fight terror
One guy decided he was going to do something about it, and he ran his van , he killed one person and injured a bunch of others. The man arrested over this morning's terror attack in Finsbury Park has been named by the BBC as 47-year-old Darren Osborne.

79 people presumed dead or missing in London's Grenfell Tower blaze
Meanwhile, dozens of people erupted into Kensington and Chelsea town hall to protest the lack of response following the fire. The 91-year-old monarch said it is "difficult to escape a very sombre mood" on what is normally a day of celebration.

Trump's lawyer says President not informed he is under investigation
The subjects of the investigation only find out if charges are filed and they get a subpoena. Department of Justice Public Integrity Section and served as the Assistant U.S.

Greencoat Renewables to list on Dublin and London stock exchanges
In a statement, Greencoat said it expects to be the first listed renewable energy infrastructure company on Irish Stock Exchange. In March it acquired a 137-MW seed portfolio of two operating Irish wind farms from Brookfield Renewables Ireland.