Stocks rise to new records; Facebook -4% after news feed changes

Traders work on floor of the New York Stock Exchange shortly before the close of trading in New York

The S&P and the Dow opened higher on Friday on gains in banking shares, while the Nasdaq was dragged 5 percent lower by losses in Facebook.

JPMorgan, the biggest United States lender by assets, said a U.S. tax overhaul would help future profits by reducing its tax bill and stimulating more business. But analysts said the gains also reflected the market's underlying bullishness after a sweeping USA tax cut was enacted in December.

"I don't know how much of that is priced in right now", said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. He predicted above-trend GDP growth with rising inflation in 2018.

S&P 500 profits are expected to have risen 11.2 percent in the fourth quarter of past year.

Research Analysts Offer Predictions for Centurylink Inc's FY2018 Earnings (CTL)
As per Sunday, September 17, the company rating was maintained by RBC Capital Markets. (NYSE:HBI) rating on Monday, December 12. Morris Mark decreased its stake in Zillow Group Inc (Z) by 61.65% based on its latest 2017Q3 regulatory filing with the SEC.

BlackRock rose 3.3 per cent. The world's largest asset manager reported profit that beat estimates as investors flooded into the relatively low-priced funds. The S&P 500 gained 12 points, or 0.4 percent, to 2,778.

Delta Air Lines surged 4.8 percent after reporting fourth-quarter earnings of 96 cents per share, eight cents above analyst expectations.

Recent data suggests the US economy is picking up steam. That dynamic means investors are eager to jump in and buy at the least sign of weakness, such as Wednesday, when all three indices fell for the first time all year.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets. It closed at $1,305.20.

Related:

  • Dark Souls Comes to Switch in Dark Souls: Remastered

    Dark Souls Comes to Switch in Dark Souls: Remastered

    Furthermore, there are rumors that suggest the game's multiplayer modes will be expanded to incorporate six concurrent players. The company Namco Bandai announced the re-release of the game Dark Souls from a well known Studio From Software.
    New Look may sell off stores as debts mount

    New Look may sell off stores as debts mount

    A decision about whether to proceed is expected to be t‎aken in the coming weeks, and would require the consent of bondholders. He described the retail environment as "challenging", but said improving its fortunes would not be an overnight job.
    President Trump has received physical checkup as president

    President Trump has received physical checkup as president

    In 1985, the doctors for President Ronald Reagan detected a cancer during what officials had described as a routine colonoscopy. Harold Bornstein, who famously declared in 2015 that Trump would be "the healthiest individual ever elected to the presidency".
  • Unification Minister Vows All Efforts for Successful Inter-Korean Talks

    Unification Minister Vows All Efforts for Successful Inter-Korean Talks

    The offer came a day after Kim Jong-un said in his New Year's address that he was willing to send a delegation to the Olympics .
    West Ham could ditch £16m striker Hernandez

    West Ham could ditch £16m striker Hernandez

    Moyes added: "When I joined Javier was injured and we'd to go with Marko and Michail up front and they have both done well". But West Ham would want to recoup a large chunk of the £16million they paid Bayer Leverkusen last summer were he to leave.
    US diplomats briefed on how to handle 'shithole' storm

    US diplomats briefed on how to handle 'shithole' storm

    The president implied Friday morning on Twitter that maybe he should start recording meetings because there is no trust. The Washington Post , the newspaper that first reported Trump's "shithole" remarks ran a rather conservative headline.
  • Conocophillips Stock as Institutional Investors Exit

    The stock of Bitauto Holdings Limited (NYSE:BITA) has "Outperform" rating given on Friday, July 8 by Macquarie Research. The stock of Comerica Incorporated (NYSE:CMA) earned "Equal-Weight" rating by Morgan Stanley on Wednesday, December 13.
    Reuben Foster arrested for marijuana possession in Alabama

    Reuben Foster arrested for marijuana possession in Alabama

    And we don't know much more than the little information that has come out from AL.com or other sources. Niner Noise will continue to provide updates on anything significant and/or major as news comes in.

    New Residential Investment (NYSE:NRZ) Receives Daily News Impact Score of 0.07

    MA acquired a new position in shares of New Residential Investment Corp. during the third quarter worth approximately $110,000. Greg Poole increased its stake in Servicenow Inc (NOW) by 16.13% based on its latest 2017Q3 regulatory filing with the SEC.
  • USC's Andy Enfield trolled Colorado with a late, unnecessary timeout

    USC's Andy Enfield trolled Colorado with a late, unnecessary timeout

    From the wider lens, it's created an interesting storyline for Colorado's season as it faces USC and Arizona down the line. Enfield also let Colorado have it with a pointed, late timeout Wednesday with his Trojans leading by double-digits.

    Issues raised by judges are very important: Rahul Gandhi

    The judges said on July 4 a year ago , two members of a bench of seven judges that decided the case of Justice C.S. Loya - was trying Amit Shah, president of the ruling Bharatiya Janata Party, in a criminal case.

    BHP Billiton PLC (BBL) Given Consensus Recommendation of "Hold" by Brokerages

    As per Friday, January 8, the company rating was downgraded by Macquarie Research. ( NYSE :HOME) rating on Thursday, March 30. It dived, as 59 investors sold MMM shares while 612 reduced holdings. 62 funds opened positions while 240 raised stakes.

Comments

Latest news

S. Korea Pes: Trump Deserves "Big Credit" for New Talks
No conversation has been publicly reported between any sitting U.S. president and a North Korean leader in decades, if ever. The IOC will host talks in Switzerland on January 20 to discuss details about North Korea's participation at the Games.

Stephens Initiates Coverage on Patterson-UTI Energy (PTEN)
The stock of Patterson-UTI Energy, Inc. (NYSE:HBM) earned "Underweight" rating by Barclays Capital on Thursday, January 14. The company has grown sales at a -18.60% annual rate over the past five years, putting it in the low growth category.

In Uber-Didi War, Brazil Is Latest Battlefield
Didi plans to expand its operations to Mexico in 2018, so this move to buy a majority stake in 99 makes the most logical move. Elsewhere, Didi has invested in Uber's domestic US rival Lyft, in India's Ola , and Southeast Asia's Grab .

Antonio Conte questions his future at Chelsea
Chelsea later said their manager meant amnesia, but the horse had already bolted because then came Mourinho's incredible response. The Italian had a visibly receding hairline towards the end of his playing career but now boasts flowing locks.

See the Toronto Raptors' new jerseys inspired by Drake's OVO record label
That also happens to be the first of six games that are billed as "Welcome Toronto" OVO nights that run through Friday, April 6. The Toronto Raptors are the latest National Basketball Association team to unveil their Nike City Edition jerseys.

United States diplomats briefed on how to handle 'shithole' storm
Senator Dick Durbin (D-IL) fired back at President Trump Friday for denying that he called Haiti and African nations "s***hole countries", saying Trump's denials are, quote, "not true".

Fusion GPS admits McCain role in anti-Trump dossier
The material wasn't classified, and Feinstein said Wednesday that she didn't do anything illegal. It was unclear what Trump meant by saying that Republicans should take control.

Montana Sam's Club stores spared amid wave of closures for company
Sam's Club is a member's only retail warehouse club which was founded by Sam Walton in 1983 and owned and operated by Walmart. In some places, employees reported arriving at stores to discover them closed and their jobs eliminated without warning.

USA citizens, senators slate Trump for his 'hate-filled, racist' comment
They worked hard, paid taxes and rose from nothing to take care of and provide opportunities for their children. Major American media figures have called the comments racist . "You've seen the comments in the press.

Nexstar Broadcasting Group, Inc. (NXST) Receives Consensus Rating of "Buy" from Analysts
In related news, insider Gary Michael Vaughn sold 400 shares of the company's stock in a transaction dated Tuesday, December 5th. Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company.

Vishay Intertechnology, Inc. (VSH) Stake Decreased by Emerald Acquisition Ltd.
Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. On average, analysts expect that Vishay Intertechnology will report full year earnings of $1.41 per share for the current year.

Betting On First Data Corporation (NYSE:FDC) ?
Following the purchase, the chief executive officer now directly owns 7,107,398 shares in the company, valued at $119,546,434.36. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24.

Arsenal's Francis Coquelin 'agrees £10.5m move to Valencia'
Loan spells at Lorient, Freiburg and Charlton followed before Coquelin broke into the Arsenal first team on a regular basis in the 2014-15 season.

Everton vs. Tottenham: a pre-match word from Mauricio Pochettino
After a fine run of unbeaten games under Big Sam, the Toffees have now lost three in a row and are winless in five games. Tough to side with Everton here in this one, especially with how well Tottenham have been playing at home.

Women attend football match for first time ever in Saudi Arabia
Women could attend the match after strict gender segregation was eased by authority in October a year ago . To prepare for the change, the kingdom has designated "family sections" in the stands for women.

Other news