United States stocks trade mixed amid earnings, data

Dow Dips Ahead of Long Weekend

Stocks wobble in early trading, but head for weekly gains

The S&P index recorded 45 new 52-week highs and one new low, while the Nasdaq recorded 85 new highs and 24 new lows.

Energy, industrial, and financial sector stocks were among the biggest decliners.

Technology companies drove most of the gains.

The best performers of the session on the were Visa Inc Class A (NYSE:), which rose 1.39% or 2.89 points to trade at 210.29 at the close.

Banks fell as bond yields slipped. The Russell 2000 index slid 6.15 points, or 0.4%, to 1,687.58.

Manchester City exclu des compétitions européennes pour deux saisons — Football
Une sanction que Javier Tebas , grand opposant du club anglais et du PSG, a célébré comme il se doit sur Twitter. Les Mancuniens assurent être " déçus mais pas surpris " par les sanctions prises.


"The end of this is out there at some point and that gives support to the market knowing this is going to be a temporary issue for the global economy", said Tim Ghriskey, chief investment strategist at Inverness Counsel in NY.

More than 77% of S&P 500 companies have reported earnings thus far, with roughly 72% of them beating analyst expectations.

The Chinese province at the center of the coronavirus outbreak reported a record rise in deaths and thousands more infections using a new diagnostic method, casting fresh uncertainty over the scale of the virus outbreak. Chipmaker Nvidia was a standout with an 8.2 percent jump after it handily beat analysts' profit forecasts for the fourth quarter.

The S&P 500 opened higher by 4.14 points, or 0.12 per cent, at 3,378.08.

ENERGY: Benchmark crude oil rose 60 cents to $52.02 a barrel in electronic trading on the New York Mercantile Exchange while Brent crude oil, the worldwide standard, rose 68 cents to $57.04 a barrel. Companies are expected to report overall profit growth of just under 1% when all the reports are in, according to estimates from FactSet.

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Sanders has argued {that a} Medicare For All proposal would unencumber the union to barter for advantages past well being care. It's that fund that has put them at odds with Sanders and to a lesser extent Sen.


Several big companies are on deck to report results next week. Campbell Soup will report results on Thursday and Deere will report on Friday.

"The consensus view amongst investors is that the maximum economic and financial effect of the virus is in the current quarter, with equity markets approximately tracking the 3-4 week time-line recovery seen in the SARS outbreak in 2003", said Neil MacKinnon, global macro strategist at VTB Capital.

Export and import prices were released. Stock and bond markets are closed on Monday for the Presidents' Day holiday. Digital Realty Trust climbed 3.5% and American Water Works rose 1.6%. On Wednesday, the government will issue its report on producer prices, which measures inflation pressures before they reach consumers.

In economic news, lackluster retail sales and industrial production data appeared to justify the US Federal Reserve's wait-and-see stance regarding its accommodative monetary policy, reiterated by Fed Chair Jerome Powell earlier this week in Washington. The government will release data on housing starts on Wednesday and the National Association of Realtors will release January home sales data on Friday.

CURRENCIES: The euro was flat at $1.0872 while the dollar was steady at 109.84 yen.

Major incidents declared across the United Kingdom over Storm Dennis floods
Earlier, two bodies were pulled from rough seas off the south England coast on Saturday as the storm barrelled in. And Gwent Police said residents of Skenfrith, Monmouthshire, were being advised to evacuate due to the flooding.


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