The gain pulled the Standard & Poor’s 500 index back into positive territory for the year.
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Chicago police to get 1400 stun guns, conflict training
McDonald’s great uncle, Marvin Hunter, said after the hearing that Van Dyke’s trial should be televised to ensure fairness. He faces six murder charges and one count of official misconduct over the killing of Laquan McDonald, 17.
The Dow Jones industrial average fell 162.51 points, or 0.92 percent, to 17,568, the S&P 500 lost 13.48 points, or 0.65 percent, to 2,063.59 and the Nasdaq Composite dropped 3.57 points, or 0.07 percent, to 5,098.24.
Boko Haram attacks northeast Nigerian city, town, 80 killed
A witness named Danladi Buba said two women detonated suicide bombs at a market near a busy bus station at about 9 a.m. Another bomber died and two people were wounded in a separate incident in Tolkomari village, a local official said.
The 5.8% gain churned out by the information technology sector, of course, was driven by big gains in stocks like Netflix (the S&P 500’s best-performing stock with a 139.2% gain), Amazon.com (up 122%), Alphabet parent Google (up 48.9%) and Facebook (up 36.1%).
North Korean politics Top official on South Korean relations dies
The Korean Peninsula remains in a technical state of war since the 1950-53 Korean War ended with an armistice, not a peace treaty. In 2003, a predecessor to Kim Yang-Gon died in a traffic accident and in 2010 top official Ri Je-Gang also died in a auto crash.
The S&P 500 is up 4.46 points for the year, giving it an 0.2% gain with one session to go.
The CBOE Volatility Index, often referred to as Wall Street’s fear gauge, rose 7.52 percent to end at 17.29 Wednesday.
The Dow Jones industrial average held about 170 points higher in late-morning trade.
The benchmark gauge is down 0.1 percent for the year, having fluctuated between gains and losses throughout December on the back of the first interest rate hike in nearly a decade. Icahn Enterprises was down 1.5 per cent at $60.60.
Trading volumes are expected to remain subdued through the week.
Of the Dow 30 stocks 28 are set to close lower today and just 2 are on track to close higher. Carl Icahn agreed to buy the auto parts maker for about $1.03 billion, after Japan’s Bridgestone said it would not counter his offer. A report today showed consumer confidence rebounded in December, putting Americans in the mood to shop during the holiday season.
Investor sentiment this year has seesawed between optimism that the economy is strengthening enough to handle higher borrowing costs to concern that a slowdown in China will damp global growth.
USA stock index futures were higher on Tuesday as Brent crude steadied above the 11-year low it hit last week. Shares in Pep Boys fell 2.9%.
Chip company Qualcomm rose 2.6 percent after announcing a new patent license agreement with Beijing Tianyu Communication Equipment Co., further strengthening its ties to a booming telecom market.
About five stocks advanced for every two decliners on the New York Stock Exchange, with an exchange volume of 145 million and a composite volume of 634 million.
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On the downside, Chevron (NYSE:CVX) carved off 1% in slow turnover as West Texas intermediate crude oil fell 3.5%.
