Global Markets: Equities advance as Dow tops 26000, dollar steadies

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Markets Insider
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17 Enero, 2018

Gains have been led by strength in the healthcare and technology sectors, while defensive sectors continue to underperform. Shares in Europe, were little changed. This is represented as the equation (P/EPS), where P is the market price and EPS is the earnings per share.

In other news, Director Mark Edward Thompson sold 1,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 7th.

The Dow's latest milestone-setting move happened shortly after the market opened Tuesday as investors weighed encouraging earnings from Citigroup and UnitedHealth Group.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday.

The Dow was up more than 2% on the week, while the S&P 500 advanced 1.6%. It will only indicate the momentum is shifting to the downside.

Earnings season ramps up: Taiwan Semiconductor Manufacturing Co., ASML Holdings NV, Bank of America Corp. and Goldman Sachs Group Inc. are among some notable releases.

Benchmark 10-year notes last rose 2/32 in price to yield 2.5462 percent, from 2.552 percent late on Friday. It capped last week with its seventh weekly gain in the past eight.

Germany's 10-year yield decreased three basis points to 0.562 percent.

Telecom stocks have shown a significant move to the upside on the day, driving the NYSE Arca Telecom Index up by 1.7 percent.

Many companies are taking one-off charges for bringing home money held abroad, but traders expect them to benefit in the long run from the decision to cut the standard tax rate from 35 percent to 21 percent and are bidding up their share prices. (F) rose 1%, after the auto maker teased an all-electric SUV (http://www.marketwatch.com/story/ford-teases-all-electric-mach-1-suv-coming-in-2020-2018-01-14) - the "Mach 1" - on Sunday, saying it will spend $11 billion on electric cars through 2022.

The ETF's YTD performance is 0%, the 1 year is 0% and the 3 year is 0%.

Major miner Barrick Gold (TSE:ABX) climbed 2.83%, to $18.88, while Kinross Gold (TSE:K) picked up 3.6%, to C$5.41.

Over the course of the day 103,874 shares traded hands, as compared to an average volume of 271,690 over the last 30 days for SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO).

Since then, it has pared down to $25,952. The nation's largest insurer also raised its forecast well beyond expectations, largely because of help from the federal tax overhaul.

West Texas Intermediate crude fell 0.6 percent to $63.94 a barrel, the first retreat in more than a week.

Now investors want to know the actual market worth of the company in the Stock Market.


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