United States stocks open higher after earnings reports

United States stocks open higher after earnings reports”

US stock index futures rose ahead of Wall Street's open Thursday as Caterpillar reported better-than-expected quarterly results.

The advance put the three main indexes on pace for their best four-week run since 2016.

Meanwhile, potentially market-driving data released Thursday morning included weekly initial jobless claims, which rose by 17,000 to 233,000.

Honeywell (N:) rose 1.2 percent after the company raised its forecast for 2018 profit.

Dow Jones industrial average futures gained 100 points, while S&P 500 and Nasdaq 100 futures advanced 8 points and 37 points, respectively.

The results of Intel and some other companies helped investors shrug off weaker-than-expected USA economic growth data.

Fourth-quarter earnings growth for the S&P 500 is now estimated at 13.2 per cent, according to Thomson Reuters data, up from 12 percent at the start of the year. The Nasdaq Composite Index was down 3.89 points, or 0.05 percent, to 7,411.16.

The major indexes posted intraday records on Wednesday, but the S&P 500 and Nasdaq finished the session lower as valuation concerns and worries about protectionist policies made some investors nervous.

Also lifting the index were gains in Pfizer, up 4.78 per cent after a European regulator recommended granting marketing approval to a diabetes drug developed by the company and Merck, up 1.21 percent.

The Dow is up 321.07 points, or 1.2 percent.

Benchmark 10-year notes US10YT=RR last fell 11/32 in price to yield 2.6599 percent, from 2.621 percent late on Thursday.

The Russell 2000 index of smaller-company stocks added 2.06 points, or 0.1 percent, to 1,601.67.

U.S. Treasury yields climbed after the U.S. GDP data and after the governor of the Bank of Japan said inflation is finally close to reaching the central bank's 2 percent target.

Like this


27 January 2018
Trump taunts Schumer for taking 'such a beating' on government shutdown fight
Mr Trump ended the Daca programme, whose protections did not include a path to citizenship, last September. The White House plan is a clever ploy to use the Dreamers as leverage to advance a nativist agenda.

26 January 2018
Mummified Syphilitic Corpse Revealed To Be Boris Johnson's Ancestor
It's there, while caring for patients with syphilis, that it's believed she contracted the sexually transmitted disease. Their daughter Yvonne married Osman Wilfred Johnson Kemal, and their son, Stanley Johnson, is Johnson's father.

26 January 2018
Watchdog Group Recordsdata Criticism Towards Trump Marketing campaign Over Stormy Daniels Funds
Just before their 2005 nuptials in Mar-a-Lago, Trump gave an interview to 'Access Hollywood, ' specifically, to Billy Bush. Daniels has not responded to attempts to reach her nor has a lawyer said to be representing her.

24 January 2018
Bikram yoga may not need to be so hot
The research indicated that the heated environment did not play a role in causing improvements in vascular health. The intervention lasted for 12 weeks and participants were asked to attend three Bikram yoga classes per week.

24 January 2018
Rain & Snow Showers Possible Monday
The National Weather Service has issued a Wind Advisory for the area, from 1 pm Tuesday afternoon until 10 am Wednesday morning. The city could see a high of 59 degrees, wind gusts of 32 miles per hour , and new rainfall amounts of up to an inch.

23 January 2018
'World-class' Sadio Mane is back, says Liverpool's Jurgen Klopp
Swansea may be adrift at the foot of the table but Klopp is taking nothing for granted even after the 5-0 Boxing Day victory. JURGEN KLOPP has sounded an ominous warning to English football over the crippling workload on Premier League players .

22 January 2018
Dr. Ronny Jackson's glowing bill of health for Trump
Jackson's assertion of Trump's mental wellness and many have suggested that he was the beneficiary of overly simplistic tests. And that's in keeping with Trump's broader view of working out - which I affectionately like to call the "battery theory".

21 January 2018
2018 could be 'most dangerous' year ever - WEF report
While weapons of mass destruction retained their place as the most destructive risk , their use was judged the least likely to occur.

21 January 2018
US Government shutdown: What's closed, and who is affected?
Air and rail travellers did not feel a big impact in 2013, because security officers and air traffic controllers remained at work. If a shutdown occurs, visitors will still be able to visit the National Zoo, as well as Smithsonian museums, over the weekend.

20 January 2018
Google to penalize slow-loading websites
The company said it will increasingly rely on the mobile version of a website's content when indexing and ranking search results . Google has just announced its latest algorithm update, named the Speed Update , that will be launching in July of this year.