Dow Jones breaks through 26000 as United States stock rally takes hold again

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The Dow Jones industrial average and other major indexes were set to open sharply higher Tuesday, as earnings season kicks into high gear.

Fourth quarterly reports have fuelled a bull market as indexed companies experience strong earnings that are supported by United States tax reform and sustained global economic growth.

It dates back to 1896 and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

The Dow Jones Industrial Average fell 10.33 points, or 0.04 percent, to 25,792.86, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,776.42 and the Nasdaq Composite dropped 37.38 points, or 0.51 percent, to 7,223.69.

The Nasdaq added 35 points, or 0.5 percent, to 7,296.

European shares ended little changed as losses among commodity stocks more than offset initial gains due to a series of well-received trading updates.

HIGH-VOLTAGE BUYOUT: Energizer Holdings surged 14.4 percent after the company said it will acquire the battery and lighting assets of Spectrum Brands, which includes the Varta and Rayovac battery brands.

Weaker Brent crude prices also weighed on the energy sector, while a slide in copper prices pulled BHP Billiton, Glencore, Rio Tinto and Anglo American down by between 1.4 and 3 per cent. The yield on the 10-year Treasury held steady at 2.55 percent.

Honda Accord, Lincoln Navigator and Volvo XC60 Take top Honors at NAIAS
Arcangeli calls the Accord "new from the ground up", with more coupe-like styling and its first-ever turbocharged engines. Volvo's redesigned 2018 XC60 reigned supreme over the also-redesigned Honda Odyssey and all-new Alfa Romeo Stelvio .

General Motors rose 2.7% after the company said it expected earnings in 2018 to be largely flat, compared with 2017, but that profits should pick up pace in 2019. Range Resources slid 71 cents, or 4 percent, to $16.87.

CURRENCIES: The dollar fell to 110.30 yen from 111.09 yen on Friday.

He added that the move higher in USA stocks more generally was the result of markets "starting to price in expectations of inflation". The euro strengthened to $1.2271 from $1.2181. The price of the digital currency, which soared a year ago after starting 2017 under $1,000, has been hurt amid signs of potentially increased scrutiny from governments.

Technology, health care and financial stocks accounted for much of the market's gains. South Korea's top financial policymaker said Tuesday that banning trading in digital currencies was an option, adding such a move still needed to be reviewed by government ministries.

Advancing issues outnumbered decliners on the NYSE by 1,555 to 1,350. Germany's DAX gained 0.3 percent and France's CAC 40 added 0.1 percent.

Glenveagh Properties rose 0.7 per cent to €1.24 on a day when it announced four senior management appointments. London's FTSE 100 shed 0.3 percent.

India's Sensex was unchanged, while markets in New Zealand, Taiwan and Southeast Asia gained.