United States. inventories ended higher on Wednesday as the S & P 500 posted its highest level for more than four months as investors analyzed economic data including stronger-than-expected orders for long-term commodities, and other signs that inflation remained depressed.
Seven-day series loss despite continued safety concerns about cutting edge 737 Max 8 continued unprecedented after the second lethal catastrophe involving the Ethiopian weekend pattern.
Dow Jones Industrial Average arithmetic
DJIA, + 0.58%
SPX, + 0.69%
added 19.40 points, or 0.7% to finish at 2,810.92, which is the largest closing since November 7.
advanced 52.37 points, or 0.7%, at 7.643.41
What caused the market? Boeing Co.
BA, + 0.46%
Shares rose 0.5%. President Donald Trump told reporters that US regulators would shift 737 max. 8 and 9 aircraft in accordance with similar decisions in other countries. However, industry experts have said that although the reputation of Boeing will suffer, the latest incidents are unlikely to have a lasting impact on the company. Boeing shares have fallen by more than 14 percent so far this month.
Economically, long-term commodities orders in the United States came out surprisingly strong after previous reports showing a sharp slowdown in business investment. The Ministry of Commerce report also showed key capital orders, a key measure for business investment, which rose 0.8 percent in January after sharply declining in the previous two months. Wholesale prices rose by 0.1% in February, below the 0.2% increase expected by economists, according to a study by MarketWatch.
The 12-month rise in producer prices fell from 2.5% to 2.3%, well below the peak of 3% last summer. United States. construction costs rose 1.3% in January, the biggest increase since April, after a decline of 0.8% in December, the Ministry of Commerce said.
The United Kingdom voted on Wednesday against Brexit without a deal, a day after MEPs rejected the deal, re-examined by Brexit, by Prime Minister Teresa May with a vote of 242-391. On Thursday, they will decide whether to request an extension of the 29 March deadline for a trade agreement with the European Union. In the meantime, Trump said on Wednesday he is in no hurry to enter into a trade deal with China, and that Chinese President Cing Dingping knows that the US can withdraw from bilateral talks if no agreement is reached. Report by magazine. Negotiations between the two countries have become more intense this week, when the US and China are working to remove the latest "hurdles," according to the newspaper.
What do the strategists say?
"The recovery of basic commodities orders in January is still in line with the slowdown in business investment growth in the first quarter, although this suggests that the delay will not be as sharp as it signals some of the input data of the survey, "writes Michael Pierce, senior economist at Capital Economics. "With producer price indices in February showing little signs of rising inflation in the pipeline, there are still strong grounds for the Fed to remain a patient," he added.
Which stocks are in focus? The shares of Rite Aid Corp.
RAD, + 6.10%
rose 6.1 percent after drugstore chief executive John Stanley said he would withdraw.
Express Inc. .
sank 10% after the fashion clothing trader beat earnings expectations for the fourth quarter, but missed net sales and provided worse quarterly forecasts.
Interactive software Take-Two
Shares jumped 6.9%, the best day of October 2018. Joel Culina, Head of Technology and Marketing at Wedbush Securities, reported rumors of a potential interest in Sony Corp .
SNE, + 0.76%
in a customer note.
Shares of Insys Therapeutics Inc.
slid 25% after the opiate producer is disclosed in the securities application that the auditor has raised doubts about his ability to continue as a going concern. John Capper, founder of the company, and several former executives are charged with bribing medical staff for prescribing drugs, a sublingual spray approved by the FDA for cancer-related pain.
How is it traded on other markets?
Asian markets closed lower, with Japan's Nikkei 225
lost 1%, Hong Kong Hang Seng Index
declining by 0.4% and the Chinese Shanghai Composite Index
European stocks were higher, with the Stoxx Europe 600
SXXP, + 0.63%
increased by 0.6%.
The price of oil
CLJ9, + 2.58%
continued to grow and gold continued
GCJ9, + 0.88%
was found higher and the dollar in the US
retired against peers. Marc Decambre contributed to this article
Providing critical information on the trading day in the United States.
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