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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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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US stocks head higher, set stage for 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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Stocks could open higher on inflation figures

Sep 21, 2018 (Baystreet.ca via COMTEX) —

Futures pointed to a higher opening for Canada’s main stock index on Friday, boosted by a rise in oil prices and ahead of key economic data.

The S&P/TSX Composite Index traveled 61.85 points higher to conclude Thursday at 16,211.77

The Canadian dollar fell 0.11 cents to 77.38 cents U.S. early Friday

September futures inched up 0.06% Friday

Canada and the United States showed scant sign on Thursday of closing a deal to revamp the North American Free Trade Agreement, and Canadian officials made clear Washington needed to withdraw a threat of possible auto tariffs, sources said.

IA Securities starts coverage on Surge Energy with buy rating and price target $4.00

On the economic calendar, Statistics Canada reported that the consumer price index rose 2.8% in the 12 months leading up to August, following a 3.0% increase in July. On a seasonally-adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.

Retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.

ON BAYSTREET

The TSX Venture Exchange hiked 5.3 points Thursday to 719.75

ON WALLSTREET

U.S. stock index futures posted solid gains ahead of Friday’s open, extending the positive run seen in the previous session on Wall Street.

Futures for the Dow Jones Industrials added 20 points, or 0.1%, to 26,747

S&P 500 futures slid 0.75 points to 2,938.75, while futures for the NASDAQ composite poked up 0.75 points to 7,609.50.

Both the Dow and S&P achieved record highs Thursday.

While no corporate earnings are due Friday, individual stocks news will likely keep investors alert. Twenty-First Century Fox and Comcast are heading for an auction

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BioSig Technologies Begins Trading on Nasdaq

BioSig Technologies Begins Trading on Nasdaq – NASDAQ News Today – EIN News

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