Anonymous ID: 4d5cb6 Jan. 9, 2020, 10:46 a.m. No.7763412   🗄️.is đź”—kun   >>3521 >>3753 >>3920 >>3957

Wall Street at record high on trade optimism, Apple boost

 

U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal firmed and several brokerages boosted price targets on high-profile companies. Apple Inc (AAPL.O) gained 1.4% on twin support from data showing iPhone sales jumped more than 18% in China in December, as well as a price target hike by Jefferies on expectations of a strong finish to 2019.

 

Technology stocks .SPLRCT rose 0.66%, but the top gainer was the financial index .SPSY, up 0.72%, after bullish brokerage comments on Citigroup Inc (C.N) and Goldman Sachs Group Inc (GS.N).

 

After a wobbly start to the new year on fears of an all-out conflict in the Middle East, nerves eased as Washington and Tehran looked to defuse the crisis after Iran’s retaliatory attack following the U.S. killing of a top Iranian general.

 

“We’ve got an easing in geopolitical tensions which is supporting risk assets,” said Paul Danis, chief global strategist at wealth manager Brewin Dolphin.

 

“Trump is focused on the (2020 U.S. presidential) election and he wants to avoid an escalation (with Iran) that would push oil price higher and hurt the voters.”

 

In another support to stocks, China’s commerce ministry said Vice Premier Liu He will sign a Phase 1 deal in Washington next week.

 

President Donald Trump said his administration will start negotiating the Phase 2 trade agreement soon but that he might wait to complete any agreement until after November’s presidential election.

 

At 12:51 p.m. ET, the Dow Jones Industrial Average .DJI was up 174.91 points, or 0.61%, at 28,920.00, the S&P 500 .SPX was up 15.35 points, or 0.47%, at 3,268.40 and the Nasdaq Composite .IXIC was up 48.51 points, or 0.53%, at 9,177.75.

 

Among the weak spots was the department store operator Kohl’s Corp (KSS.N), which slid 9.2% after reporting lower holiday season sales and warned of full-year earnings coming in at the bottom end of an already lowered forecast.

 

Smaller rival J.C. Penney Co Inc (JCP.N) tumbled 11.3% after disappointing same-store sales numbers. With the fourth-quarter earnings season kicking off next week, analysts expect profits for S&P 500 companies to drop 0.6% in their second consecutive quarterly decline, according to Refinitiv IBES data.

 

Advancing issues outnumbered decliners by a 1.27-to-1 ratio on the NYSE and a 1.33-to-1 ratio on the Nasdaq.

burning shorts-a-plenty.

 

The S&P index recorded 75 new 52-week highs and no new lows, while the Nasdaq recorded 140 new highs and 10 new lows.

 

WTI,Au/Ag are stable…not much going on there…yet.

https://www.reuters.com/article/us-usa-stocks/wall-street-at-record-high-on-trade-optimism-apple-boost-idUSKBN1Z81LH

https://finance.yahoo.com/quote/%5EDJI

https://www.marketwatch.com/investing/bond/tmubmusd10y

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

Anonymous ID: 4d5cb6 Jan. 9, 2020, 11:42 a.m. No.7763876   🗄️.is đź”—kun   >>3887 >>3949

>>7763852 Justice Department Recovers over $3 Billion from False Claims Act Cases in Fiscal Year 2019

 

>Of the more than $3 billion in settlements and judgments recovered by the Department of Justice this past fiscal year, $2.6 billion relates to matters that involved the health care industry, including drug and medical device manufacturers, managed care providers, hospitals, pharmacies, hospice organizations, laboratories, and physicians.

>This is the tenth consecutive year that the department’s civil health care fraud settlements and judgments have exceeded $2 billion. The amounts included in the $2.6 billion reflect only federal losses, but in many of these cases the department was instrumental in recovering additional millions of dollars for state Medicaid programs.

Anonymous ID: 4d5cb6 Jan. 9, 2020, 11:59 a.m. No.7763996   🗄️.is đź”—kun

>>7763949

it's been an enrichment scheme for decades. people like us get beat down so they can continue to defraud the system and collect over the hard-working pepe's . There is never much said about "fines" and who gets them after they get levied. Like the fines the SEC levies. no one knows where that goes either.