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Dow hovers near record, GE surges on break-up plan

Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another reco

Dow hovers near record, GE surges on break-up plan

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Although the Dow gave back gains in early trading, the index is still perched within view of its record high.\nEquity investors rode an extended wave of optimism over solid quarterly corporate earnings and&nbsp;economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&amp;P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.\n“I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”\nEarnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with&nbsp;Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.\nIn quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.\nAccording to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.\n\"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.\n\"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”\n—\n9:30 a.m. ET: Stocks open mixed as investors take a breather\nHere were the main moves in markets as of 9:30 a.m. ET:\n<ul>\n <li>S&amp;P 500 (^GSPC): 4,707.89,+6.19 (+0.13%)</li>\n <li>Dow (^DJI): 36,387.50, -44.72 (-0.12%)</li>\n <li>Nasdaq (^IXIC): 16,007.08, +24.73 (+0.15%)</li>\n <li>Crude (CL=F): $82.46 per barrel,+0.53 (+0.65%)</li>\n <li>Gold (GC=F): $1,829.70,+$1.70 (+0.09%)</li>\n <li>10-year Treasury (^TNX): -4.4 bps to yield 1.4480%</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow hovers near record, GE surges on break-up plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow hovers near record, GE surges on break-up plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-09 22:32\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nStocks open Tuesday morning on a mixed note, with investors taking a breather after yet another record-setting session on Wall Street.\nAt the opening bell, the S&amp;P 500 and Nasdaq eked out marginal new records, after the blue-chip index closed out an eighth straight day of gains on Monday, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Although the Dow gave back gains in early trading, the index is still perched within view of its record high.\nEquity investors rode an extended wave of optimism over solid quarterly corporate earnings and&nbsp;economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&amp;P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.\n“I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”\nEarnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with&nbsp;Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.\nIn quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.\nAccording to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.\n\"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.\n\"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”\n—\n9:30 a.m. ET: Stocks open mixed as investors take a breather\nHere were the main moves in markets as of 9:30 a.m. ET:\n<ul>\n <li>S&amp;P 500 (^GSPC): 4,707.89,+6.19 (+0.13%)</li>\n <li>Dow (^DJI): 36,387.50, -44.72 (-0.12%)</li>\n <li>Nasdaq (^IXIC): 16,007.08, +24.73 (+0.15%)</li>\n <li>Crude (CL=F): $82.46 per barrel,+0.53 (+0.65%)</li>\n <li>Gold (GC=F): $1,829.70,+$1.70 (+0.09%)</li>\n <li>10-year Treasury (^TNX): -4.4 bps to yield 1.4480%</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127916319","content_text":"Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another record-setting session on Wall Street.\nAt the opening bell, the S&P 500 and Nasdaq eked out marginal new records, after the blue-chip index closed out an eighth straight day of gains on Monday, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Although the Dow gave back gains in early trading, the index is still perched within view of its record high.\nEquity investors rode an extended wave of optimism over solid quarterly corporate earnings and economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.\n“I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”\nEarnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.\nIn quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.\nAccording to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.\n\"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.\n\"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”\n—\n9:30 a.m. ET: Stocks open mixed as investors take a breather\nHere were the main moves in markets as of 9:30 a.m. ET:\n\nS&P 500 (^GSPC): 4,707.89,+6.19 (+0.13%)\nDow (^DJI): 36,387.50, -44.72 (-0.12%)\nNasdaq (^IXIC): 16,007.08, +24.73 (+0.15%)\nCrude (CL=F): $82.46 per barrel,+0.53 (+0.65%)\nGold (GC=F): $1,829.70,+$1.70 (+0.09%)\n10-year Treasury (^TNX): -4.4 bps to yield 1.4480%","news_type":1},"isVote":1,"tweetType":1,"viewCount":539,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}