Toronto stock market lower as Dow Jones cruises past 23000 record

Midday Market Stats October 17
Wall Street makes quiet opening
Author

20 October, 2017

The Nasdaq slid 0.35 (-0.01 percent) to close at 6,623.66, while the S&P 500 finished at a record 2,559.36, up 1.72 (+0.07 percent) from its open.

Anthem gained about 5 percent after the health insurer said it signed an agreement with CVS Health to support the company's new pharmacy benefit management business.

All three hit record closing highs, adding to recent records. This means that instead of the index being driven primarily by the largest companies (those with the largest market capitalization) within the index, it is driven by the highest-priced stocks.

At 9:38 a.m. ET (1338 GMT), the Dow Jones Industrial Average was up 116.49 points, or 0.51 percent, at 23,113.93, the S&P 500 was up 3.7 points, or 0.14 percent, at 2,563.06 and the Nasdaq Composite was up 6.91 points, or 0.10 percent, at 6,630.57. The latest 1,000-point increase was covered in roughly half the time it took the index to move from 21,000 to 22,000.

While only a few companies have reported results so far, earnings are mostly looking good, noted Erik Davidson, chief investment officer for Wells Fargo Private Bank.

PM Modi to inaugurate first ever All India Institute of Ayurveda
Addressing an Ayurveda Conclave Yesso Naik said " Ayurveda is witnessing a resurgence in India and around the globe. Formed on November 9, 2014, AYUSH ensures the optimal development and propagation of AYUSH systems of health care.

Storm Warning for Clare As Tail End of Hurricane Ophelia Approaches
On Thursday afternoon, Ophelia's core was located about 715 miles southwest of the Azores, where it was virtually stationary. It's unlikely it will be a threat to USA , although it could possibly be a threat to Ireland, the NHC said Wednesday.

ON Semiconductor Corporation (ON) Receives Average Recommendation of "Buy" from Brokerages
If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & global copyright law. The New York-based Sg Americas Secs Ltd Liability Company has invested 0.01% in Lattice Semiconductor Corp (NASDAQ:LSCC).

Fifty companies are to report quarterly results this week, the first full week of the third-quarter earnings season.

The S&P 500 was flat, with financials the biggest drag.

Traders also drew encouragement Tuesday from economic data that showed US industrial production rose a solid 0.3 percent last month as manufacturing of automobiles, home electronics and appliances increased.

Hopes of USA tax reform have received a boost lately after the House passed a $4.1 trillion budget. Copper fell 4 cents to $3.20 a pound.


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