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Shares of Alphabet Inc reversed course to end 0.9 percent higher. The Google parent company’s results beat estimates, but its shares were dragged down earlier in the session by sharply higher spending. Optimism toward the prospect of a lasting resolution to the dispute over border wall funding, which prompted a record 35-day partial U.S. government shutdown, also buoyed Wall Street, said Tony Roth, chief investment officer of Wilmington Trust in Wilmington, Delaware. In his State of the Union speech, scheduled for 09:00 p.m. EST (0200 GMT Wednesday), Trump is expected to urge a congressional committee to work out a border security deal. His speech likely will target areas for potential bipartisan agreement, such as improving infrastructure and lowering prescription drug costs.
“The market doesn’t care if alien eyes light carbon fiber cufflinks the wall gets built or if it’s never built,” Roth said, “All it cares about is that confidence and GDP aren’t negatively impacted as a result of a government shutdown.”, The Dow Jones Industrial Average rose 172.15 points, or 0.68 percent, to 25,411.52, the S&P 500 gained 12.83 points, or 0.47 percent, to 2,737.7 and the Nasdaq Composite added 54.55 points, or 0.74 percent, to 7,402.08, The CBOE Volatility index, often referred to as an investor fear gauge, dropped 0.16 point to finish at 15.57, its lowest close in four months..
Following a turbulent end to 2018, U.S. stocks have had a stellar run so far this year, with the S&P 500 and the Dow each up about 9 percent and the Nasdaq rising more than 11 percent. In addition to corporate earnings, Wall Street’s rally this year has been helped by a recent dovish stance from the Federal Reserve and hopes of a trade deal between the United States and China. Among other stocks, Boeing Co shares rose 3.3 percent after the aerospace company said it made a significant investment in supersonic business jet developer Aerion.
Shares of alien eyes light carbon fiber cufflinks Archer Daniels Midland Co slumped 5.9 percent after the grains trader’s fourth-quarter profit missed expectations because of the U.S.-China trade dispute, Advancing issues outnumbered declining ones on the NYSE by a 2.01-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers, The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 62 new highs and 14 new lows, Volume on U.S, exchanges was 6.97 billion shares, compared with the 7.56 billion average over the last 20 trading days..
NEW YORK (Reuters) - World stocks rose to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors looked toward an annual address by the U.S. president later in the evening. Boosted by U.S. and European equity performance, MSCI’s gauge of stocks across the globe gained 0.64 percent, increasing for a sixth straight session as it hit a two-month high. President Donald Trump was due to give his State of the Union speech at 2100 ET (0200 GMT), with investors awaiting indications of progress in U.S.-China trade talks and watching for signs of tensions with Democrats following a 35-day partial federal government shutdown.
The Federal Reserve’s dovish recent statement on interest rate policy, along with optimism over U.S.-China tensions, has fueled recent risk appetite, even as estimates for U.S, corporate earnings have been falling, “We could move significantly alien eyes light carbon fiber cufflinks higher if the geopolitical environment improves, and we could also decline if things break down,” said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York, “There will be lots of hints tonight about the U.S, political landscape.”..
On Wall Street, the Dow Jones Industrial Average rose 172.15 points, or 0.68 percent, to 25,411.52, the S&P 500 gained 12.83 points, or 0.47 percent, to 2,737.7 and the Nasdaq Composite added 54.55 points, or 0.74 percent, to 7,402.08. Shares of Estée Lauder Cos and Ralph Lauren reacted favorably to the companies’ respective quarterly reports. “The main focus of the market has just been that people are getting more comfortable that the prices for stocks are reasonable,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
Fourth-quarter alien eyes light carbon fiber cufflinks earnings for companies on the benchmark S&P 500 index were on track to have climbed 15.8 percent, but profit in the first quarter is now expected to rise by only 0.4 percent, according to IBES data from Refinitiv, The pan-European STOXX 600 index rose 1.41 percent, helped by a recovery in banks and a solid update from BP, The dollar index, which measures the greenback against a basket of currencies, rose 0.21 percent, up for a fourth straight session, with the euro down 0.23 percent to $1.1409..