Andrew Johns and Mark Hughes wearing Beanies for The Mark Hughes Foundation.Source: News Corp Australia
Buy a beanie, you nude headed bastards, that's right, that's what we wearers think of you
Dow Jones 20663 plus 56
S&P 500 2365 plus 8.69
FTSE 7436 minus 67
DAX12590 minus 41
OIL 49.33 plus 0.26
GOLD 1248 minus 9.05
AUD 0.742
SPI futures plus 1
Ernie...........Drove the fastest milkcart in the west
Wall Street snapped back to gains on Thursday, rebounding from its worst losses in eight months a day earlier, as positive earnings from Walmart (WMT) helped distract from brewing trouble in Washington, D.C.
The S&P 500 was up 0.37%, the Dow Jones Industrial Average increased 0.27%, and the Nasdaq added 0.73%. The S&P 500 was less than 50 points from its all-time record close set at the beginning of the week.
Walmart did the heavy-lifting on the Dow and S&P 500 after topping net income estimates, though revenue came in slightly weaker than expected. Earnings rose to $1 a share from 98 cents in the same quarter a year earlier. Analysts anticipated earnings of 96 cents. Sales of $117.5 billion came in below estimates of $117.8 billion. U.S. same-store sales increased 1.4%. E-commerce business climbed at its best pace in five years. Walmart shares rose 5%.
Retail consumer stocks moved higher alongside Walmart. Amazon (AMZN) , Priceline (PCLN) , Costco (COST) , Target (TGT) and CVS Health (CVS) were each higher, while the S&P Retail SPDR ETF (XRT) added 0.18%.
Health care shares pushed the Nasdaq into positive territory. Incyte (INCY) surged 7% after its an immune-system booster drug, combined with Merck's (MRK) immunotherapy Keytruda showed positive results in an ongoing study with advanced lung cancer patients. Around 35% of patients given the combination treatment had tumors shrink by at least 30%
what we can expect
Futures point to a flat opening, currently up 1 point but........dow hit a high of 20759 up 152 before settling up only 56
if it looks like a dead cat bounce, and smells like a dead cat bounce, then it's probably a ...........
Andrew Johns and Mark Hughes wearing Beanies for The Mark Hughes Foundation.Source: News Corp Australia
