Nasdaq, S&P again hit all-time highs, Dow ends up 0.3%

first_imgBut “people have money to invest” and the big tech names Facebook, Amazon, Apple, Tesla, Netflix “are continuing to just find buyer after buyer” and sometimes post double digit gains for no apparent reason. Meanwhile, category 4 Hurricane Laura and its 15-to-20 foot storm surges is poised to slam into the southern US coast, home to massive oil and petrochemical industries.Government data showed a surge of a different kind as new orders for big-ticket manufactured goods jumped 11.2 percent, almost entirely due to the 35.6 percent spike in transportation equipment.Among individual shares, cloud computing firm Salesforce.com, which will join the Dow index on Monday in place of global oil giant Exxon Mobil, leapt 26 percent after a strong earnings report.Dick’s Sporting Goods jumps 15.7 percent as earnings showed store sales surged despite the pandemic – which has allowed home exercise programs to flourish.Apple, which is poised to make a four-to-one stock split after its value soared to US$2 trillion, gained 1.4 percent.Topics : The approach of Hurricane Laura could not dampen Wall Street’s ebullient optimism on Wednesday, as the Nasdaq and S&P 500 again climbed to new records fueled by solid earnings and economic data.The benchmark Dow Jones Industrial Average reversed its early doldrums and gained 0.3 percent to close at 28,331.92.The tech-rich Nasdaq Composite Index posted its fifth consecutive all-time high close, after jumping 1.7 percent to 11,665.06, while the broad-based S&P 500 gained 1.0 percent to finish at 3,787.3, its fourth straight record. Traders also may be putting a lot of stock in the highly-anticipated speech by Federal Reserve Chair Jerome Powell on Thursday, which is expected to send signals about the trajectory of interest rates in coming months.But the changes Powell is set to preview about how the central bank communicates policy would not have any impact until the economy starts to recover and inflation shows signs of life.Analysts say the Fed chief could change the policy focus to allow inflation to rise above 2.0 percent for a time, to allow the economy to heat up and unemployment to fall.”Some of the stock market being up is a little bit of hopeful trading regarding this speech,” JJ Kinahan of TD Ameritrade told AFP, suggesting observers might be disappointed.last_img read more

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Pierre-Emerick Aubameyang claims Arsenal’s ‘crazy’ front three can match Liverpool trio

first_imgAdvertisement Advertisement Pierre-Emerick Aubameyang claims Arsenal’s ‘crazy’ front three can match Liverpool trio Roberto Firmino scored Liverpool’s winning goal against Southampton last weekend (Picture: Getty)‘Hopefully, yes [we can hit it off straight away]. I think we can do it.‘First of all, he [Pepe] speaks French so it will be easy for him to settle in and play with us. He only started training with us a few weeks ago but it’s good to have him with us. He’s started well.‘Last season he was amazing. He’ll bring us speed and excellent finishing, and that’s good for us.‘As we’ve seen from last season, Liverpool play with three up front and they play very well. Why not us? I think we can do it.‘It will be a tough game against them. They are great players. They always try to go forward and try to get goals and assist each other. They are one of the best trios in the world.‘I see a lot of similarities. Pepe and me, we are quick players like Mane and Salah, while Laca is a player who can keep the ball and is really good with his feet like Firmino.‘So yes, we can say we are close enough.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterFriday 23 Aug 2019 8:56 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3kShares Comment Pierre-Emerick Aubameyang and Alexandre Lacazette both scored in Arsenal’s win over Burnley (Picture: Getty)Pierre-Emerick Aubameyang believes the signing of Nicolas Pepe means Arsenal now boast a ‘crazy’ attacking trio capable of matching the goalscoring feats of Liverpool’s fearsome front three.The Gabon international has picked up from where he left off last season, scoring the decisive goals in Arsenal’s victories over Newcastle and Burnley which sealed the club’s first 100% start to a new campaign for the first time since 2009.Alexandre Lacazette also scored in the win over Sean Dyche’s team while club-record signing Nicolas Pepe produced a more than encouraging performance on his home debut after he was introduced as a second-half substitute.AdvertisementAdvertisementThe Ivory Coast international is closing in on a first start according to Unai Emery, but after suffering a crushing 5-1 defeat at Anfield last season the Spaniard may opt for a more defensive line-up.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityRoberto Firmino scored a hat-trick in that demoralising defeat, Emery’s biggest loss since succeeding Arsene Wenger, while his partners in crime, Mohamed Salah and Sadio Mane, ended up sharing last season’s Golden Boot with Aubameyang.All three Liverpool stars have already opened their goalscoring accounts for the season, but Aubameyang is confident Arsenal now boast a forward line comparable with anything else the Premier League has to offer.‘It is going to be crazy – everybody is excited,’ Aubameyang told Sky Sports when discussing playing alongside Lacazette and Pepe. ‘I am looking forward to it.last_img read more

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