Wall St little changed after GDP data; eyes on earnings
U.S. stocks remained unmoved in early trade, despite an upward revision to the growth rate at the end of 2016. Since the start of the year, the S&P 500 is up 5.7 per cent, its best quarterly performance since 2015.
But the data had little impact on shares, with the Dow Jones up 20.23 points, or 0.1%, at 20,679.55. Real estate companies led the gainers.
"The market is looking for new catalysts in the form of fresh policy news from the Trump administration that can help regain the confidence in his pro-growth mandate after the healthcare bill disappointment", said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
The Dow Jones Industrial Average DJIA, -0.31% rose 0.3% for the week and 4.6% for the quarter, the S&P 500 index SPX, -0.23% gained 0.8% on the week and 5.5% for the quarter, and the Nasdaq Composite Index COMP, -0.04% surged 1.4% for the week to notch a almost 10% gain for the quarter.
The Dow was down 44 at 20,686 while the more broadly-based S&P 500 eased a couple of points to 2,366.
In February, personal consumption expenditures (PCE) increased 7.4 billion dollars, or 0.1 percent, slightly below market expectations of 0.2 percent. The index hit an all-time high on Thursday. Cenovus was down 10.1 percent at $11.76.
Canada's main stock index fell modestly in morning trading on Friday, weighed by financial and railway companies, though better-than-expected results from BlackBerry offset some of the losses. Three stocks rose for every two that fell on the New York Stock Exchange.
Adele: 'I may never tour again'
But Adele's decision wouldn't be an exception: Enya's never toured a day in her life and has only recently begun to consider it . However, he added that she's ready to perform, it's attractive and she really loves it, according to The Guardian .
The drop in Cenovus' stock showed investors are viewing the deal as "highly dilutive to the shareholders and a company with pretty much a pristine balance sheet is now leveraged to the hilt and very, very, very dependent on higher oil prices to make sure the deal actually works as planned", said Norman Levine, managing director at Portfolio Management Corp.
Wall Street stocks rallied on Thursday (Mar 30), with banking and oil shares gaining, as USA fourth-quarter growth was upgraded and oil prices rose above US$50 a barrel.
The Commerce Department said consumer spending kept rising in February, though gains in the last two months have been slow.
"As the Fed loves the PCE instead of the CPI, the nearing of their 2% core inflation rate coincides with their determination of hiking at least 3 times this year".
US stocks closed higher on Thursday, 30 March 2017 as financial shares rallied following a positive reading of economic growth and the tech-heavy Nasdaq returned to finish in record territory after a month-long wait.
The Nasdaq Composite was up 2.11 points, or 0.04 percent, at 5,899.66.
The Russell 2000 is up 31.28 points, or 2.3 percent.
Merkel's Christian Democrats easily beat challenger Martin Schulz's center-left Social Democrats in Saarland state on Sunday. The state election was the first of three key tests that the political parties will face in the coming months.
But the committee in its final statement removed a section in the draft that said it recommended a six-month extension. The Joint OPEC/non-OPEC Ministerial Monitoring Committee meeting yesterday may have something to do with it.
Discuss this oft-repeated line from Ghost in the Shell, with reference to Scarlett Johansson's digitally corrupted memories. It's a great clip that is sure to get fans excited for the forthcoming film, which is set to his theaters this Friday.
Environmental Protection Agency says the agency is following widely accepted protocols when handling the Flint water crisis. And it requires the state to pay $895,000 to the plaintiffs who brought the 2016 lawsuit , to cover their litigation costs.
Facebook representatives declined to comment on Upload VR's inquiry as to whether Luckey's departure was voluntary. It looks like someone-executives at Oculus, Facebook, or Luckey himself-saw fit to make the separation permanent.
Terms of the deal were not disclosed by the team, but ESPN reported that it was a three-year, $12 million deal. The Pacers still are battling for an Eastern Conference playoff bid as they now occupy the seventh seed.
Wenger offered no update on his contract situation on Thursday - but he did say plans for his future are "not sorted completely". In a bid to get out of the rut, the Frenchman says the team will be sticking to what they know best against a strong City side.
Coach Tite, who has won seven straight games in qualifiers since he took over in September, had his best days at Corinthians. In the second half, Brazil had the chance to make it 2-0 after a superb run by Neymar that ended in a controversial penalty.
The move will affect Ford's bottom line in the first quarter of the year, cutting pretax earnings by $295 million. The company recalled more than 2.3 million vehicles last fall because their door latches weren't working properly.
Mnuchin says joke about 'Lego Batman Movie' was mistake
According to NBC News , the Secretary of the Department of Treasury sent a letter to the Office of Government Ethics Friday. At the end of the question-and-answer session on March 24, Mnuchin was asked to name a movie people should see.
Miami Open: Konta secures career-best win over Wozniacki
Now 25, the British hope racked up her third-straight win over the elder Williams sister to book that Wozniacki showdown. For Konta, the hardcourt star capitalized on her last chance on the surface as the clay and grass seasons approach.
Dem Rep. O'Rourke to Launch Bid For Cruz's Senate Seat
O'Rourke is still relatively unknown in Washington and in Texas, and El Paso has never produced a statewide elected official. The congressman could face a challenger from within his own party in the 2018 Democratic Party Primary as fellow Rep.
Cadiz Lion's Club community Easter Egg Hunt set for April 8
For a complete list of special events and retailers, please call (423) 282-5312 or visit http://www.mallatjohnsoncity.com. Saturday • Harbor Beach Easter Egg Hunt sponsored by the Lions Club in the K-8 gym at Harbor Beach Community Schools.
White House invites lawmakers to see intelligence material
He later went to the White House to brief them on his findings, ushering in a wave of criticism from Democrats, including Rep. Then, Tuesday, Nunes said that he had invited Comey again to come testify before the House intelligence committee.
Republicans must overcome gridlock in their own party
Meanwhile, President Trump proved that his world-famous negotiating skills are better suited for reality television than reality. Ronald Reagan was known to say that he would happily take 70 or 80 percent of what he wanted and come back for the rest later.
Harry Styles to make solo US TV debut next month
On Tuesday, March 28, Saturday Night Live tweeted out a picture of the April 15 lineup to announce Styles as the musical guest. The stars of One Direction have been cashing in and are reportedly now worth at least £50 million each.