Stocks At Record Highs; Casino Stocks Pressured, Leading Bank Breaks Out

Share
Stocks At Record Highs; Casino Stocks Pressured, Leading Bank Breaks Out

The tech-heavy Nasdaq slipped briefly to negative territory after hitting an all-time high earlier.

USA factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, according to the Institute for Supply Management. Dallas Federal Reserve President Robert Kaplan is also scheduled to speak at 2 p.m.in NY. A lone gunman late Sunday killed at least 58 people and injured more than 500 in the worst mass shooting in modern US history.

Investors have pinned hopes on President Donald Trump's tax reform plan, which envisages lowering corporate tax to 20%.

The Institute for Supply Management (ISM) said on Monday its index of national factory activity surged to a reading of 60.8 last month, the highest reading since May 2004, from 58.8 in August.

Boosting the broader index was Johnson & Johnson, Gilead Sciences among healthcare stocks and JP Morgan and Citigroup among financials.

Techs now lead the sector standings (+0.3%), while energy (-1%) is sharply lower in tandem with the price of USA crude oil, which is -2.6% at $50.30/bbl on signs of higher production.

USA stock indexes registered a quartet of records on Monday as investors shook off a massacre in Las Vegas to take stocks further into record territory.

In other corporate news, Nordstrom -6.7% following a NY Post report that talks to take the company private are in danger of falling apart.

Share

Advertisement

Related Posts

Bharti Airtel Again Counters Reliance Jio With a New Rs
One of the major drivers for Reliance Jio's meteoric growth in the country has been its free and unlimited voice calling service. It adds that if a customer consumes 1000 mins on second day, then they will be charged for rest of the five days.

Lucha Capital Management LP Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)
Piper Jaffray upgraded Netflix, Inc . (NASDAQ: NFLX ) for 1,750 shares. (NASDAQ: NFLX ) to report earnings on October, 16. Following the transaction, the director now directly owns 7,198 shares of the company's stock, valued at $1,351,712.42.

Has $21.01 Million Position in Colgate-Palmolive Company (CL)
Turning to Marathon Petroleum Corporation (NYSE:MPC), its shares were trading at $56.08 a gain of $0.61, on the trading floor. The rating was upgraded by BNP Paribas on Tuesday, February 21 to "Outperform". 3,238 were reported by Ent Financial Corp.

Lyon defender Marcelo sent off for yellow card flick
The referee seemed to think Marcelo's action was deliberate and showed no hesitation in brandishing the red card. The red card promptly followed, despite the fact that Marcelo had absolutely never meant to hit the yellow away.

Keefe, Bruyette & Woods Reaffirms "Buy" Rating for Valley National Bancorp (VLY)
Currently, 112.61 million total shares are owned by the public and among those 110.85 million shares have been available to trade. The institutional investor owned 683,960 shares of the bank's stock after buying an additional 32,636 shares during the period.

Taking a Second Look at Scientific Games Corporation (NasdaqGS:SGMS) Shares
Whale Rock Cap Management Limited Liability holds 2.58% of its portfolio in Scientific Games Corp (NASDAQ:SGMS) for 1.41M shares. SG Americas Securities LLC purchased a new position in shares of Scientific Games Corp during the 1st quarter worth $130,000.

Twins Need a Win Tonight in NY
The Twins have one game to make a statement, one win to change history and enough confidence not to be burdened by it all. When they meet again in the 2017 playoffs, the Yankees will need just one game to end Minnesota's brief postseason run.

Google Photos Update Makes Sharing Videos Faster
Expect to see many details like the contact's job title, work phone number, manager name, office location and so on. The new update can be considered the continuation of the photo upload feature which was introduced earlier in 2017.

Angered by 'suicidal' Abe, North Korea warns of 'nuclear clouds' over Japan
China claims much of the South China Sea as its own territory, even though parts of it are also claimed by six other countries. On Sunday, Trump tweeted that his secretary of state was wasting time trying to start a dialogue with North Korea.

Actor Dileep gets bail in Malayalam actress molestation case
On hearing about the bail, Dileep's fans collected in front of the Aluva sub-jail and distributed candies . The Kerala High Court on Tuesday granted bail to Malayalam actor Dileep in the actress abduction case.

© 2015 ExpressNewsline. All Rights reserved.