Dow hits another all-time high on mixed day for US stocks

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average.

An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out its own record high for much of the day.

Losses for technology companies and retailers, two of the market’s hottest sectors this year, offset gains in energy and industrial stocks.

“When you have a big up week like we’ve had, we’re at all-time highs, for people to take a little bit of risk off the table going into the weekend isn’t a big surprise,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

The S&P 500 index dropped 1.08 points, or 0.04 percent, to 2,929.67, just under its latest all-time high set a day earlier. The Dow gained 86.52 points, or 0.3 percent, to 26,743.50, thanks largely to gains in Boeing and McDonald’s.

The Nasdaq composite lost 41.28 points, or 0.5 percent, to 7,986.96. The Russell 2000 index of smaller companies gave up 7.87 points, or 0.5 percent, to 1,712.32.

The Dow and S&P 500 each ended the week with their 10th weekly gain in the past 12 weeks.

Coming off Thursday’s record-setting rally, trading was listless for much of Friday. A couple of factors may have contributed to the market’s late-afternoon pullback.

Friday was “quadruple witching” day, when options and futures contracts expire, which often results in heavy trading.

Also, next Monday the S&P 500 is changing the lineup of the 11 company sectors that make up the benchmark index. Technology giants Google and Facebook will join Netflix and 15 other companies in a new communications services sector.

The change forces exchange-traded funds, or ETFs,

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Markets Right Now: Dow inches to another all-time high

NEW YORK — The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing mixed on Wall Street even as the Dow Jones Industrial Average crept up to another all-time high.

Losses Friday for technology companies and retailers, two of the market’s hottest sectors this year, offset gains in other sectors.

Facebook gave up 1.9 percent and Amazon fell 1.5 percent.

Chipmaker Micron fell 2.9 percent after saying its profits would be hurt by tariffs on Chinese imports that go into effect on Monday.

The S&P 500 index slipped 1 point to 2,929.

The Dow Jones Industrial Average rose 86 points, or 0.3 percent, to 26,743, thanks largely to big gains in Boeing and McDonald’s.

The Nasdaq composite fell 41 points, or 0.5 percent, to 7,986.

Bond prices rose. The yield on the 10-year Treasury fell to 3.06 percent.

11:45 a.m.

Stocks are moving higher on Wall Street, building on gains the market made a day earlier.

Telecommunications companies rose Friday, led by a 2 percent gain in AT&T. Major U.S. indexes are still at record highs.

The British pound fell after British Prime Minister Theresa May said talks over exiting the European Union are at an impasse.

Chipmaker Micron fell 1.8 percent after saying its profits would be hurt by tariffs on Chinese imports that go into effect on Monday.

The Dow Jones Industrial Average rose 88 points, or 0.3 percent, to 26,745.

The S&P 500 rose 6 points, or 0.2 percent, to 2,936. The Nasdaq composite edged down 2 points to 8,025.

Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 3.07 percent.

9:35 a.m.

Stocks are opening higher on Wall Street, building on gains the market made a day earlier.

Telecommunications companies rose Friday, led by a gain

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US stock indexes are mixed, set stage for more milestones

Major U.S. stock indexes edged mostly higher in afternoon trading Friday, on track to extend gains from a day earlier when the market climbed to all-time highs. Gains in health care and industrial companies outweighed losses in banks and technology stocks. Energy companies rose along with the price of U.S. crude oil.

KEEPING SCORE: The S&P 500 index rose 2 points, or 0.1 percent, to 2,932 as of 1:55 p.m. Eastern Time. The Dow Jones Industrial Average gained 76 points, or 0.3 percent, to 26,733. The Nasdaq composite lost 18 points, or 0.2 percent, to 8,009. The Russell 2000 index of smaller companies gave up 3 points, or 0.2 percent, to 1,716. The Dow and S&P 500 each hit all-time highs Thursday.

TRADE TIGHTROPE: The trade dispute between the U.S. and China is set to escalate Monday. That’s’ when an additional 10 percent tax on $200 billion of Chinese imports kicks in. The tariffs will rise to 25 percent on Jan 1. Beijing has said it would retaliate by imposing tariffs of 5 or 10 percent on $60 billion of U.S. goods including coffee, honey and industrial chemicals.

Some U.S. companies are already bracing for the fallout from the latest round of tariffs. Chipmaker Micron Technology said Friday its profits would be hurt by the tariffs on Chinese imports that go into effect next week. Shares in the company slid 3.7 percent to $44.34.

Still, investors were taking the potential negative impact of the trade dispute in stride this week, taking comfort from the latest signs that the economy is on solid ground and driving the market higher.

THE QUOTE: “Finally the market has shrugged off all the trade war fears,” said Karyn Cavanaugh, senior markets strategist at Voya Investment Management. “The robustness of the economy just won’t be put

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TMSR Holding Company Limited (NASDAQ: TMSR) is a Recognized Leader in China's $16B Solid Waste Recycling Industry

TMSR Holding Company Limited (NASDAQ: TMSR) is a Recognized Leader in China’s $16B Solid Waste Recycling Industry

Sep 21, 2018 (NetworkNewsWire via COMTEX) —

Owner of two international U.S. patents and six patents issued by the People’s Republic of China, including three invention patents and three utility model patents Revenue for China’s solid waste recycling industry grew at a CAGR of 13.5 percent to an estimated $16.2 billion from 2014-2018 Sustainable and eco-design recycling trends of industrial waste recycling creating value by extending a products’ life-cycles TMSR’s patented green technology allows industrial companies to extract valuable metal byproducts from solid industrial waste Global mining waste management market expected to reach 233.56 billion tons by 2022 at a CAGR of 6.1 percent from 2017-2022

TMSR Holding Company Limited (NASDAQ: TMSR), together with its subsidiaries, is providing a clear choice for companies producing industrial solid waste in China that are looking for a clean alternative to traditional waste disposal. Recognized as an industry leader in the research, development, production and sale of solid waste recycling systems and zero emissions process systems for the industrial and mining sectors in the People’s Republic of China, TMSR operates through its wholly owned business divisions: Shengrong Environmental and Wuhan HOST Coating Materials.

The solid waste recycling industry in China continues to grow, even after the Chinese government banned the import of 24 categories of recyclables and solid waste by the end of 2017. The country’s high demand for limited resources, rising concerns about the environment and……

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About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial

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Stocks Head Higher, Near More Milestones

U.S. stocks moved broadly higher in early trading Friday, extending gains from a day earlier when the market climbed to all-time highs. Technology companies accounted for much of the market’s gains. Retailers and other consumer-focused stocks also rose. Utilities and other high-dividend paying stocks lagged. Oil prices were headed higher.

KEEPING SCORE: The S&P 500 index rose 6 points, or 0.2 percent, to 2,937 as of 10:20 a.m. Eastern Time. The Dow Jones Industrial Average gained 39 points, or 0.2 percent, to 26,696. The Nasdaq composite climbed 8 points, or 0.1 percent, to 8,036. The Russell 2000 index of smaller companies picked up 3 points, or 0.2 percent, to 1,724. The Dow and S&P 500 each hit all-time highs Thursday.

BETTING ON TECH: Gains in technology stocks helped drive the market higher. Electronic Arts rose 1.8 percent to $115.47.

HIT THE STORES: Retailers and other consumer-focused stocks also took solid gains. Macy’s added 1.7 percent to $35.77.

TARIFFS TROUBLE: Micron fell 3.7 percent to $44.37 after the chipmaker said its profits would be hurt by tariffs on Chinese imports that go into effect on Monday. The latest U.S. tariff hike on Chinese goods in a dispute over Beijing’s technology policy involves an additional 10 percent tax on $200 billion of Chinese imports. The tariffs will rise to 25 percent on Jan 1. Beijing has said it would retaliate by imposing tariffs of 5 or 10 percent on $60 billion of U.S. goods including coffee, honey and industrial chemicals.

UNAPPETIZING RESULTS: United Natural Foods slumped 15.4 percent to $28.64 after the food distributor reported disappointing earnings and sales.

ENERGY: Benchmark U.S. crude gained 0.9 percent to $70.96 a barrel in New York. Brent crude, used to price international oils, added 1.1 percent to $79.05 a barrel in London.

BOND YIELDS: Bond

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Indonesia Stock Market Draws Positive Lead

The Indonesia stock market has climbed higher in two straight sessions, rising almost 120 points or 2 percent along the way. The Jakarta Composite Index now rests just above the 5,930-point plateau and it’s expected to open in the green again on Friday.

The global forecast is upbeat on easing trade war concerns. The European and U.S. markets were up and the Asian bourses are predicted to follow that lead.

The JCI finished modestly higher on Thursday following gains from the cement stocks and a mixed picture from the financials.

For the day, the index climbed 57.67 points or 0.98 percent to finish at 5,931.27 after trading between 5,897.60 and 5,941.02. There were 237 gainers and 159 decliners, with 111 stocks finishing unchanged.

Among the actives, Bukit Darmo Property skyrocketed 33.87 percent, while Voksel Electric tumbled 3.33 percent, Lotte Chemical shed 0.70 percent, XL Axiata dropped 2.34 percent, Bank Pan Indonesia skidded 2.17 percent, Bank MNC Internasional retreated 1.96 percent, Jasa Marga eased 0.23 percent, Bank Danamon Indonesia plunged 3.04 percent, Bank Central Asia slid 0.21 percent, Bank Mandiri surged 4.30 percent, Bank Negara Indonesia jumped 1.74 percent, Bank Rakyat Indonesia soared 3.00 percent, Indosat added 0.34 percent, Indocement climbed 1.20 percent, Semen Indonesia advanced 0.83 percent, Holcim Indonesia perked 1.61 percent, Indofood spiked 2.56 percent and SLJ Global was unchanged.

The lead from Wall Street is positive as stocks opened higher on Thursday and continued to climb. With the upward move, the Dow and the S&P hit record intraday highs.

The Dow added 251.22 points or 0.95 percent to 26,656.98, while the NASDAQ gained 78.19 points or 0.98 percent to 8,028.23 and the S&P was up 22.80 points or 0.78 percent to 2,930.75.

The strength on Wall Street came as traders shrugged off concerns about the escalating trade dispute

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Markets Right Now: Stocks mostly higher, building on gains

NEW YORK — The latest on developments in financial markets (all times local):

11:45 a.m.

Stocks are moving higher on Wall Street, building on gains the market made a day earlier.

Telecommunications companies rose Friday, led by a 2 percent gain in AT&T. Major U.S. indexes are still at record highs.

The British pound fell after British Prime Minister Theresa May said talks over exiting the European Union are at an impasse.

Chipmaker Micron fell 1.8 percent after saying its profits would be hurt by tariffs on Chinese imports that go into effect on Monday.

The Dow Jones Industrial Average rose 88 points, or 0.3 percent, to 26,745.

The S&P 500 rose 6 points, or 0.2 percent, to 2,936. The Nasdaq composite edged down 2 points to 8,025.

Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 3.07 percent.

9:35 a.m.

Stocks are opening higher on Wall Street, building on gains the market made a day earlier.

Telecommunications companies rose Friday, led by a gain in AT&T. Major U.S. indexes are still at record highs.

The British pound fell after British Prime Minister Theresa May said talks over exiting the European Union are at an impasse.

Chipmaker Micron fell 4 percent after saying its profits would be hurt by tariffs on Chinese imports that go into effect on Monday.

The Dow Jones Industrial Average rose 75 points, or 0.3 percent, to 26,735.

The S&P 500 rose 9 points, or 0.3 percent, to 2,939. The Nasdaq composite climbed 24 points, or 0.3 percent, to 8,052.

Bond prices fell. The yield on the 10-year Treasury rose to 3.08 percent.

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Energy and industrials help boost TSX

TORONTO — The energy and industrials sectors helped Canada’s main stock index edge higher in late-morning trading.

The S&P/TSX composite index was up 11.13 points at 16,225.88.

In New York, the Dow Jones industrial average was up 52.18 points at 26,709.16. The S&P 500 index was up 4.62 points at 2,935.37, while the Nasdaq composite was down 14.23 points at 8,014.01.

The Canadian dollar traded lower at 77.44 cents US compared with an average of 77.48 cents US on Thursday.

The November crude contract was up US$1.39 at US$71.71 per barrel and the November natural gas contract was up 0.7 of a cent at US$2.97 per mmBTU.

The December gold contract was down US$7.20 at US$1,204.10 an ounce and the December copper contract was up 10.45 cents at US$2.84 a pound.

By The Canadian Press

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Micron Slumps, AT&T Rises as Dow Targets Another New High

By Ben Levisohn Sept. 21, 2018 9:25 a.m. ET

Heating Up. Friday’s picking up where Thursday left off. Stocks were heading higher, and September, which is supposed to be the worst month of the year, has instead seen the Dow Jones Industrial Average hit a new all-time high. Micron Technology was falling after releasing earnings, while AT&T was gaining after an upgrade. In today’s Morning Movers, we…

Photo: Siddharth Parmar

•…look at market strength overseas;

•…wonder if the Dow’s new highs can boost confidence;

•…and highlight Pier 1 Imports’ big drop.

Feeling the Fever

This is certainly looking more and more like a melt up, even if it’s taking place in slow motion.

After hitting new highs yesterday, the S&P 500and the Dow Jones Industrial Averagelook set to do it again. S&P 500 futures have advanced 0.1%, while Dow Jones Industrial Average futures have gained 55 points, or 0.2%. Nasdaq Compositefutures have risen 0.2%.

“The week is closing off with risk-on sentiment in a feverish more,” writes Gluskin Sheff’s David Rosenberg. And for once, it isn’t just the U.S. that’s rallying. China’s Shanghai Compositerose 2.5% today, and the Euro Stoxx 50has risen 0.5%. Rosenberg attributes the fervor to China’s plan to cut taxes to boost consumer spending.

The Dow, however, has been rallying like few others. It’s up 2.7% in September, a month that is supposed to be terrible for stocks (and has been for the Nasdaq, which has dropped 1%). The blue-chip benchmark has advanced 7.8% this year, which still lags behind the Nasdaq’s 16% gain,

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