您现在的位置是:l 0 b 6 a e b r t 5 d l i 2 n y x i 1 o f 8 2 h 6 > Fashion
【shred the pow】US STOCKS-Bank, energy stocks lift Wall Street higher in choppy session
l 0 b 6 a e b r t 5 d l i 2 n y x i 1 o f 8 2 h 62024-09-29 12:26:46【Fashion】0人已围观
简介(For a live blog on the U.S. stock market, click or type LIVE/ in an Eikon news window.)* Indexes up shred the pow
(For a live blog on the U.S. stock market,shred the pow click or type LIVE/ in an Eikon news window.)
* Indexes up: Dow 0.11 pct, S&P 0.19 pct, Nasdaq 0.52 pct
* Energy stocks mirror oil prices in erasing losses
* Tech stocks reverse course to move higher
* Beaten-down bank stocks get boost from Barclays
* Weak China, Euro zone factory data spark growth concerns (Updates to early afternoon, adds comments)
By Shreyashi Sanyal
Jan 2 (Reuters) - Wall Street edged higher in a choppy session on Wednesday, as gains in energy and bank stocks helped offset a drop in the healthcare sector and worries about a global economic slowdown.
The S&P, Dow Industrials and Nasdaq all fell 1.5 percent or more early in the day, before recovering to flit between gains and losses, ensuring Wall Street started the new year with the same swings with which it closed last year.
U.S. stocks posted their biggest one-year percentage drop in a decade in 2018 over worries of a slowdown in growth, and the worry reared its head in the first trading day of the new year after weak economic data out of China and the Euro zone.
Data showed China's factory activity contracted for the first time in 19 months in December, hit by the Sino-U.S. trade war, while the Purchasing Managers' Index (PMI) for the euro zone hit its lowest since February 2016.
"Despite the new year, there is a continuation of the same issues that have plagued 2018 and the recent manufacturing numbers from China and Europe just add to the tension," said Ryan Nauman, market strategist at Informa Financial Intelligence in Zephyr Cove, Nevada.
Though U.S. data has been relatively strong, several economic indicators have not been released because of the partial U.S. government shutdown, now in its 12th day.
Oliver Pursche, chief market strategist at Bruderman Asset Management in New York, said while the void of positive data made investors cautious about taking on risk, sentiment was driving the market and that could change quickly.
"I wouldn't be entirely surprised if we ended up flat or even up at the end," Pursche said, referring to the S&P 500.
Healthcare, the best performing among the 11 S&P sectors last year, dropped 0.98 percent and was the biggest drag on the market.
On the other hand, the energy sector, the worst performer last year, climbed 2.44 percent after oil prices reversed course to trade higher by nearly 4 percent.
The heavy-weight technology index see-sawed though the session, dragging the market along. The index was last up 0.34 percent. It had fallen as much as 1.97 percent.
At 1:04 p.m. ET, the Dow Jones Industrial Average was up 25.91 points, or 0.11 percent, at 23,353.37, the S&P 500 was up 4.71 points, or 0.19 percent, at 2,511.56 and the Nasdaq Composite was up 34.28 points, or 0.52 percent, at 6,669.56.
Story continues
The defensive real estate, utilities and consumer staples sectors were among the laggards, while a gain in financials helped lift the market.
Bank stocks, in particular, rose 1.62 percent, getting a boost from Barclays' prediction that U.S. large-cap bank stocks, which lagged in 2018, could outperform the S&P this year.
On the horizon is the closely watched U.S. manufacturing survey on Thursday and payrolls data on Friday.
Among stocks, Tesla Inc sank 6.8 percent after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States in response to the loss of a green tax credit.
Netflix Inc fell 0.9 percent after brokerage Suntrust Robinson said the company could struggle to hit fourth-quarter subscriber targets.
Advancing issues outnumbered decliners for a 1.97-to-1 ratio on the NYSE and a 1.93-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and three new lows, while the Nasdaq recorded nine new highs and 55 new lows. (Reporting by Shreyashi Sanyal in Bengaluru; Additional reporting by Medha Singh and April Joyner; Editing by Shounak Dasgupta)
View comments
很赞哦!(3716)
相关文章
- Business owners contend with threat, reality of coronavirus
- BRIEF-Jiangsu Etern's Controlling Shareholder To Unload Up To 3 Pct Stake Between March 4 And Aug 30
- Does Horizon Bancorp, Inc. (NASDAQ:HBNC) Have A Good P/E Ratio?
- BRIEF-China Railway Construction's Consortium To Set Up Project Company For Railway Project
- Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
- Loss-Making Bass Metals Limited (ASX:BSM) Expected To Breakeven
- BRIEF-Gojek Group Finalizes First Closing Of Ongoing Series F Fundraise
- BRIEF-China Oil Gangran Energy Says Co Entered MoU With Peng Shiqian
- Genco Shipping & Trading (GNK) Lags Q3 Earnings and Revenue Estimates
- Earnings Preview: Macy's to report 3Q profits
热门文章
- Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Passed Our Checks, And It's About To Pay A US$0.05 Dividend
- The horror of child sex trafficking: New Year’s release by Shared Hope International shakes states to action!
- Southside Bancshares: 4Q Earnings Snapshot
- Corporate Responsibility Is Taking On a New Meaning
站长推荐
Maybe the Coronavirus Didn’t End the Bull Market
'Grossing Up' and 'Seller Concessions': Advice for Sponsors
Illumina, Inc. (NASDAQ:ILMN): Will The Growth Last?
Should You Be Worried About NCC Group plc’s (LON:NCC) 6.0% Return On Equity?
Halozyme Therapeutics, Inc. Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next
BRIEF-Guangzhou Port's Jan Container Throughput Up 10.9 Pct, Cargo Throughput Up 7.9 Pct
Hacking Attorney-Client Documents Gets TransPerfect Co-founder's Assault Case Tossed
Russia allows consular access to suspected U.S. spy - RIA
友情链接
- Does Bank of Montreal (TSE:BMO) Have A Place In Your Portfolio?
- Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
- German manufacturing growth slows again in December - PMI
- Cabinet approves incentives for exporters of select goods
- GOGL - Repurchase of shares
- Cayan to Debut Industry-Changing Solutions at RetailNOW 2016
- BRIEF-Xinjiang Torch Gas Says Shareholders Plan To Unload A Combined 26.3 Percent Stake
- Another number paints a bleak picture of manufacturing in China
- Is HKR International Limited’s (HKG:480) P/E Ratio Really That Good?
- Alison Brown on Finding Time for Her Own Album While Running a Record Label: ‘Mama Eats Last’