Thursday, 9 February 2017

S&P 500 ekes out gain while banks drag on Dow- Intraday Tips by Ripples Advisory

Ripples Advisory Private Limited, Indore @9303093093

The S&P 500 ended slightly higher on Wednesday as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed. The Nasdaq gained moderately to close at a record high for a second straight day, lifted by big tech names such as Facebook and Apple. Allergan shares rose 3.7 percent after the drugmaker's fourth-quarter profit and revenue topped estimates. 

Gilead Sciences shares tumbled 8.6 percent and were the biggest drag on the benchmark S&P after the biotech company's weak forecast for its hepatitis C medicines. Major US stock indexes are hovering around record highs after a rally following the November 8 election of President Donald Trump amid expectations he will usher in fiscal stimulus and lower regulations and taxes.

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