go site Stocks traded mixed on Friday, pressured by a strong dollar as earnings season continued and telecommunications lagged.
source url The S&P 500 ticked higher in afternoon trade after holding lower for most of the session, with consumer discretionary leading advancers. Consumer discretionary stocks were led by Time Warner, which rose more than 7 percent amid reports the firm has engaged in talks for a deal to be bought out by AT&T, which dragged the telecommunications sector lower.
http://www.ciplimemeprotezi.net/phd-dissertation-civil-engineering/ The Nasdaq composite outperformed, rising 0.27 percent.
link “Overall, you’re seeing some worries over the dollar, oil prices and the election, but I think these will be short-lived,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “For the most part, the market is holding up pretty well.”
enter The U.S. dollar rose approximately 0.45 percent against a basket of currencies, hitting a seven-month high. The euro fell 0.54 percent to $1.0869 against the greenback, while the Chinese yuan hit its lowest level versus the U.S. currency dating back to 2010.
http://www.english.iibit.edu.au/?cv-writing-service-us-of-naukri “The fact that the dollar is trending higher is a concern,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab. “But I do expect the dollar moving higher to be a preemptive move ahead of the Fed’s December meeting, where they are likely to raise interest rates.”
http://blog.ibadanbusinessschool.com/do-my-essay-australia/ Anna Rathbun, director of research for CBIZ Retirement Plan Services, said the U.S. currency’s rise on Friday is mainly due to remarks made by European Central Bank President Mario Draghi on Thursday.
http://assendared.com/phd-thesis-doctoral-thesis/ “Draghi’s comments, which were basically no comment, suggest there will be no abrupt ending to [monetary policy stimulus],” she said. “There’s more uncertainty surrounding him. The biggest one is the fact that he’s running out of bonds to buy.”
http://ellyservicedirectory.com/help-on-writing-college-essays/ There are no major economic data due Friday, but San Francisco Fed President John Williams said in a speech he thinks the U.S. economy is pretty much at full employment, adding the economy is in good shape and heading in the right direction. However, he also said the dollar and low energy prices were weighing on inflation.
http://bluntmax.com/business-planning-analyst-salary/ Fed Governor Daniel Tarullo delivered a speech midmorning ET in which he did not address monetary policy, but did say the U.S. central bank may introduce more measures to test big banks’ capital and liquidity.
http://russianchicagomag.com/how-to-start-a-college-admission-essay-league/ Market expectations for a Fed rate hike in December in December were more than 60 percent, according to the CME Group’s FedWatch tool.
essay about management In corporate news, Dow component General Electric reported mixed results Friday before the open, beating estimates on earnings but missing on revenues. The industrial giant also narrowed its 2016 earnings per share guidance.
“If you’re a trader, you’re trying to figure what’s certain and what’s uncertain. What’s certain is what companies are telling us. You talked about GE; they’re not giving investors such good commentary,” said CBIZ’s Rathbun.
http://noxoinfo.com/pecking-order-theory-essay/ page Meanwhile, Microsoft, another Dow component, posted better-than-expected results across the board on Thursday. “But, if you take Microsoft out of the equation, it’s been … mostly disappointing reactions to earnings,” said Adam Sarhan, CEO at Sarhan Capital. “Caution is king until we get a better reaction to earnings.”
http://www.socio.msu.ru/?college-admission-essay-online-on-art According to data compiled by The Earnings Scout, 80 percent of the 116 S&P components that had reported as of Friday morning had beaten Wall Street’s earnings estimates, while 65 percent had beaten revenue estimates.
http://popyentradas.com/writing-an-essay-about-community-service/ In oil markets, U.S. crude for December delivery rose 0.43 percent in choppy trade to settle at $50.8 per barrel. According to data from Baker Hughes, rig counts in the U.S. rose by 11 to 443, marking the 17th straight week without a cut.
next In overseas markets, European equities close flat, with the pan-European Stoxx 600 index ending near breakeven.
http://www.otradny.org/?distributed-database-research-papers The Dow Jones industrial average fell 50 points, or 0.28 percent, to trade at 18,112, with Travelers leading decliners and Microsoft the top advancer.
The Nasdaq composite rose 9 points, or 0.17 percent, to 5,251.
About five stocks declined for every four advancers at the New York Stock Exchange, with an exchange volume of 415 million and a composite volume of 1.801 billion in early afternoon trade.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 13.7.
Gold futures for December delivery fell 60 cents to $1,266.90 per ounce.
—Reuters contributed to this report.