dow rises to new record as nasdaq retreats
Last Updated : GMT 04:22:10
Arab Today, arab today
Arab Today, arab today

Dow rises to new record as Nasdaq retreats

Arab Today, arab today

Arab Today, arab today Dow rises to new record as Nasdaq retreats

New York - AFP

The Dow Jones Industrial Average Wednesday climbed to a new record, even as investors punished some tech names after Tesla earnings disappointed. The Dow jumped 128.66 (0.82 percent) to 15,746.88, busting a previous record from October 29. The broad-based S&P 500 also closed 7.52 (0.43 percent) higher at 1,770.49, narrowly missing another record, but the tech-rich Nasdaq Composite Index fell 7.92 (0.20 percent) to 3,931.95. Electric-car company Tesla, which has risen more than four-fold in 2013, fell 14.5 percent after the company missed profit and revenue expectations. But the poor Tesla report turned sentiment against a number of other companies like Facebook (-2.0 percent), Netflix (-1.7 percent) and Priceline (-2.2 percent) that have surged in recent months. "Money is leaving the Nasdaq and it's going into cyclical, industrial stocks," said Michael James, managing director of equity trading at Wedbush Securities. Not all Nasdaq components fell. eBay rose 4.3 percent, while Google edged 0.1 percent higher. The biggest winner in the Dow was Microsoft  -- also a Nasdaq stock -- which jumped 4.2 percent following a report the company has narrowed its short-list of possible chief executives and is considering Ford chief Alan Mulally for the top spot. Other big blue-chip gains came from General Electric (+1.8 percent), UnitedHealth Group (+2.3 percent) and oil companies Chevron (+2.3 percent) and ExxonMobil (+1.3 percent). Clothing company Ralph Lauren rose 4.3 percent rose 5.5 percent after earnings bested analyst expectations by 3 cents at $2.23 per share. The company also boosted its revenue forecast. Oil and gas company Chesapeake Energy fell 6.8 percent on a weak production outlook. Deutsche Bank said the forecast implied a sequential decline in output of oil. Bond prices were mixed. The yield on the 10-year US Treasury slipped to 2.64 percent from 2.66 percent Tuesday, while the 30-year rose to 3.77 percent from 3.76 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dow rises to new record as nasdaq retreats dow rises to new record as nasdaq retreats

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dow rises to new record as nasdaq retreats dow rises to new record as nasdaq retreats

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday