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Thu, Dec 5th, 2019
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Stocks Close Slightly Higher on Trade Optimism and Strong U.S. Economic Data
by cmdtyNewswires - Thu Dec 5, 4:01PM CST
The S&P 500 Index ($SPX) on Thursday closed up +0.15%, the Dow Jones Industrials Index ($DOWI) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) closed up +0.14%.
U.S. stock indexes settled slightly higher Thursday on optimism that the U.S. and China will agree to a trade deal before the next round of U.S. tariffs are scheduled to take effect on Dec 15. China's Ministry of Commerce said Thursday that Chinese trade officials are in "close contact" with their U.S. counterparts on trade negotiations. However, there was no indication that a deal is close after a Dow Jones report Thursday said that the U.S. and China remain at odds over the value of Chinese farm purchases. Stocks added to their gains Thursday afternoon after President Trump said trade talks with China are "moving along well."
Thursday's U.S. economic data was supportive for stocks. Weekly initial unemployment claims unexpectedly fell -10,000 to a 7-1/2 month low of 203,000, showing a stronger labor market... Read more
California to protect insurance policies in wildfire areas
Sacramento, Calif (AP) — California on Thursday temporarily banned insurance companies from dropping customers in areas affected by more than a dozen recent blazes, invoking a new law for the first time as homeowners in the wildfire-plagued state say they are being pushed out of the commercial insurance market.
Adam Beam - AP - 4 minutes ago
DHS retreats on possible facial screening of US citizens
DALLAS (AP) — The Homeland Security Department is backing away from requiring that U.S. citizens submit to facial-recognition technology when they leave or enter the country.
David Koenig - AP - 16 minutes ago
Amazon blaming Trump over Pentagon contract loss, judge says
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Matt O'brien and Joseph Pisani - AP - 31 minutes ago
Watchdog faults rushed EPA rulemaking on glider trucks
WASHINGTON (AP) — The Trump administration rushed to exempt a type of super-polluting cargo truck from clean air rules without conducting a federally mandated study on how it would impact public health, the Environmental Protection Agency’s inspector-general said Thursday.
Ellen Knickmeyer - AP - 52 minutes ago
Energy company leaves debris in Michigan, delays report
PETOSKEY, Mich. (AP) — A Canadian-based energy transportation company's preparation of a proposed tunnel that would house a petroleum pipeline caused a borehole to collapse in Michigan, which left debris in the waterway.
Associated Press - 4 minutes ago Uber reports more than 3,000 U.S. sexual assaults on 2018 rides in long-awaited safety report
SAN FRANCISCO (AP) — Uber reports more than 3,000 U.S. sexual assaults on 2018 rides in long-awaited safety report.
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The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and venue managers. Week of December 4, 2019:
Associated Press - 15 minutes ago Sectors sorted by Daily Weighted Alpha Change
