Wall St edges up on telecom gains; Fed meet in focus
Wall St edges up on telecom gains; Fed meet in focus
Dow, S&P 500 score back-to-back records; Nasdaq again lags behind
20 September, 2017, 13:57
Sept 19 (Reuters) - U.S. stocks were little changed on Tuesday as investors held back from making major bets ahead of the Federal Reserve's policy meeting that is expected to roll out a plan to pare the central bank's debt holdings.
But the tech heavy Nasdaq Composite, which had hit an all-time high of 6,477.77 earlier in the day trimmed those gains add finished the day just 0.1% higher at 6,454,64 and short of a record close. Futures for the Nasdaq-100 IndexNQZ7, +0.09% added 2.25 points to 5,989.
The blue-chip CSI300 index rose 0.3 percent, to 3,843.14 points, while the Shanghai Composite Index also added 0.3 percent, to 3,362.86 points.
U.S. stocks ended higher on Tuesday, with Dow and Nasdaq closing at record highs, as the Federal Reserve began a two-day monetary policy meeting.
Although North Korea's latest missile test happened on Friday, investors appear to have become de-sensitised.
Northrop Grumman gained $2.14, or 0.8 percent, to $278.116.
A third successive record on Wall Street, fanned by speculation about Trump's economic agenda, was not enough to entice buying in the region as equity dealers cash in recent gains. It ended 0.49 percent lower on Tuesday, taking the year-to-date performance to about 12 percent.
Some analysts remained uncertain, however, as to how markets will react should the Fed announce that it will begin to unwind its $4.5tn balance sheet.
The electronics retailer said it would cut US$600 million (RM2.5 billion) in annual costs through 2021 and that it would garner an eight to nine per cent growth in per-share earnings in 2021 compared with 2017.
Spreadbetters expected Britain'sFTSE to start unchanged and Germany's DAX and France's CAC to each open down about 0.1 percent.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,805 ringgit ($669.93) a tonne at the end of the trading day, the first day of a new trading contract.
Amazon's share price fell 1.3 per cent at Monday's close of trade.
Telecom stocks showed a significant move to the upside on the day, driving the NYSE Arca Telecom Index up by 1.1%.
In Europe, the broadest measure of share prices, the Stoxx Europe 600, slipped 0.14% by 10:00 am London time as a weaker US dollar lifted the euro to around 1.1986 and held down gains for regional equities. Hong Kong's Hang Seng fell almost 0.4 percent.
In the currency market, the USA dollar is trading in the mid 111 yen-range on Wednesday.
The album will see BMG partnering with Morrissey on the new release and on the launch of his new label, Etienne Records. It's his first new music in three years and serves as the lead single from his upcoming album Low In High School .
Benjamin Netanyahu, Prime Minister of Israel, speaks at the United Nations General Assembly on October 1, 2015 in New York City. On Thursday, Trump's final day at the United Nations , he will meet with the leaders of Turkey, Afghanistan, and Ukraine.
Valverde left Luis Suarez on the bench and started with Gerard Deulofeu, Denis Suarez and Messi as a false "9" in the attack. Valencia won 5-0 with a hat trick by Simone Zaza to hand Malaga its fifth straight loss to start the season.
I mean, you had President Obama striking this nuclear deal with Iran, President Trump very critical of that deal. It was Mr Trump's first appearance in the assembly hall, where applause from world leaders is generally muted.
A beleaguered and isolated Hamas turned to Abbas's number one enemy, former Fatah strongman Mohamed Dahlan. Once such elections are held, the PLO should be reformed to include Hamas and the Islamic Jihad.
On Wednesday, the Madras High Court will also hear an earlier petition filed by one of the disqualified legislators, P. The rebel MLAs were disqualified citing anti-defection rules under Schedule 10 of the Constitution.
Apart from this new special edition variant, the OnePlus 5 comes in Midnight Black, Slate Gray, Soft Gold color options. OnePlus 5 Jean-Charles de Castelbajac Limited Edition model is named after the French designer who has designed it.
A spokeswoman for the school, Ivis Buric, expressed her disappointment that Ms Trump took offence to the billboards. But the posters have now been taken down and the school, American Institute, has issued an apology.
Values of %D line that are above 80 indicate that the security is overbought; prices could well fall in the near future. This repurchase authorization allows the company to reacquire up to 2.2% of its stock through open market purchases.
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Intex launches Cloud C1 and Aqua S1 exclusively on Amazon
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