Dow Jones Industrial, S&P 500 and NASDAQ Hit All-Time Record Highs

3M, Caterpillar Earnings Have Stock Futures Soaring

The broad-based S&P 500 gained 1.2 per cent to 2,872.87, and the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 7,505.77.

Stocks around the globe also rose.

A 10th week of gains for the MSCI world index would be its longest winning streak since 1999.

Intel's shares surged about 9 percent to their highest in nearly two decades, after results indicated that the chipmaker's shift to higher-margin data-centre business was gaining pace. S. economic growth unexpectedly slowed in the fourth quarter as strong consumer spending resulted in a surge in imports.

Technology and health care companies are leading stocks broadly higher in midday trading on Wall Street.

"We continue to see these positive steps in the right direction and definitely earnings are clearly justifying a lot of the recent move that we've had", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, NC.

As of Thursday, 77 per cent of the S&P 500 companies that had reported surpassed earnings expectations, while 79 per cent of those companies had beaten sales estimates, according to United States financial information company FactSet.

Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices.

The Dow Jones industrial average added 140 points, or 0.5 percent, to 26,392.

The company's stock rose four percent in pre-market trading before losing 0.41 percent in late trading.

The S&P 500 is up 28.95 points, or 1 percent.

Intel's shares increased by 9.1 percent.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.67 percent.

U.S. Treasury prices ended mostly higher, with the benchmark 10-year yield sliding 3 bps to 2.62% and the two-year yield finishing flat at 2.08%.

In the energy market, oil prices settled higher, with crude also posting a weekly gain as the weaker dollar underpinned prices.

Honeywell (N:) rose 1.2 percent after the company raised its forecast for 2018 profit.

The U.S economy reported a growth 2.6 percent in the 4 quarter of 2017.

Gold also rose with the dollar's decline.

The advance by the Dow was partly due to a strong gain by 3M (MMM), with the diversified manufacturer rising by 1.9% after reporting better than expected fourth quarter results and providing upbeat guidance.

Related:

  • IPhone X 'world's best-shipping smartphone' during holidays, Canalys reports

    IPhone X 'world's best-shipping smartphone' during holidays, Canalys reports

    As for the United States, another research firm found that the iPhone X is also selling well in Apple's backyard. It also introduces an OLED display design and a suite of new features for augmented reality applications.
    Megyn Kelly vs. Jane Fonda: The scratching continues

    Megyn Kelly vs. Jane Fonda: The scratching continues

    Megyn Kelly's war of words with Jane Fonda went nuclear Monday morning, just the latest development in their ongoing feud. Shortly after, however, producers quickly tweeted out the segment before Kelly even came on air, according to Fox News .
    Four dead in fire at Prague hotel

    Four dead in fire at Prague hotel

    Of those hurt, five people were seriously injured, the Prague Emergency Medical Service said. "Three people were resuscitated". It is believed they were mostly treated for smoke inhalation at the scene and not taken to hospital.
  • Blood moon 2018: Everything you need to know to see it

    Blood moon 2018: Everything you need to know to see it

    The last Blue Moon total lunar eclipse visible from India was in 1963 and the next one will be in 2028, said a press release. You can check if your nearest city will experience the eclipse using this interactive lunar eclipse model .
    Zverev Flames Out Again At Australian Open; Djokovic Is Hip, Federer Advances

    Zverev Flames Out Again At Australian Open; Djokovic Is Hip, Federer Advances

    Djokovic is eager to play after an elbow injury left him out of action for six months. So far, world No 2 Federer has won his opening matches without dropping a set.
    Upsets continue as heat rises: Muguruza, Konta out

    Upsets continue as heat rises: Muguruza, Konta out

    Ninth-seeded Johanna Konta was more exposed to the heat on an outside court, and lost to US lucky loser Bernarda Pera 6-4, 7-5. The 20-year-old Alexander Zverev won five tournaments last year and has been tipped as a future Grand Slam champion.
  • Apple Wants More Ebook Market, Hire's Amazon's Audible VP

    Apple Wants More Ebook Market, Hire's Amazon's Audible VP

    If the new report is true, Apple's push to modernize iBooks could significantly increase the level of competition in online books. But now, Apple is putting books front and center with a renamed app and a much-needed redesign, according to Bloomberg .
    Instagram Stories embrace the GIF

    Instagram Stories embrace the GIF

    Instagram has also announced it will soon give users the ability to upload photos and videos of any size to Stories. You'll now be able to overlay your photos and videos with animated stamps like accessories, sparkles, or word art .
    Erdogan says Turkey has launched new ground operation in Syria

    Erdogan says Turkey has launched new ground operation in Syria

    Anadolu Agency said the troops pushed into Afrin on Sunday, a day after Turkish jets pounded Syrian Kurdish targets in the region. Prime Minister Binali Yildirim said the operation would create a 30-km (19-mile) "safe zone", according to broadcaster HaberTurk.
  • Two-door Range Rover SV Coupe confirmed for Geneva reveal

    Two-door Range Rover SV Coupe confirmed for Geneva reveal

    Prices and specifications will be revealed at the public reveal on 6 March, alongside details of the "extensive" personalisation options.
    Common Supports Kim and Kanye Naming Their Daughter Chicago: 'I Love It'

    Common Supports Kim and Kanye Naming Their Daughter Chicago: 'I Love It'

    The Keeping Up With The Kardashians star announced that her daughter was born at 12.47am on Monday and weighed 7lb 6oz. She retweeted a post that read: "To everyone who thinks it's literally pronounced as CHI.
    Russian Federation  offers platform for direct Afghan-Taliban talks

    Russian Federation offers platform for direct Afghan-Taliban talks

    While talks will be Afghan-led, Kabul did request that the Security Council weigh in to bring Pakistan on board. But both the government and the Taliban have tried to distance themselves from the Turkey meeting.

Comments

Latest news

Fears over US-Turkey military confrontation in Syria
Kurdish forces captured Manbij, which is west of the Euphrates River, from IS in 2016 with the help of the US -led coalition. This comes as USA -backed Syrian Democratic Forces reject a claim by Turkey that ISIS is present in the Afrin region.

Debate Heats Up Between Trump, Schumer Over Border Wall
The framework will include a DACA fix and embraces border security principles already laid out by President Trump . The White House will release its framework for a bipartisan immigration plan on Monday .

Apple to release $349 HomePod smart speaker on February 9th
It's later than expected, but Apple's answer to the Amazon Echo and Google Home will be available at Apple Stores next month. The Apple HomePod smart speaker is releasing on February 9, but goes on sale this coming Friday on January 26.

Dolores O'Riordan funeral: Bandmates, family pay tribute to Cranberries singer
People in Limerick, Ireland, honored local hero Dolores O'Riordan in the most beautifully fitting way Monday night. Photographs of the Irish singer performing and one of her with the Pope, were placed along the church walls.

Apple Releases Security Update For macOS Sierra And El Capitan Addressing Meltdown
As with the other operating systems, security is the main reason to update to tvOS 11.2.5, which includes 11 security fixes . Additionally, Apple has also released macOS High Sierra version 10.13.3 that focuses on security, stability, and bug fixes.

New CEC Om Prakash Rawat supports linking of voter ID with Aadhaar
He had also done the postgraduation in Social Development planning from the United Kingdom in 1989. Despite the presidential elections, his tenure has also marked the Vice-Presidential elections.

White House Slams Graham
The White House, for the time being, is defending the conservative position against Graham's radical proposal . But he also cautioned that Trump policy adviser Stephen Miller could kill any immigration deal.

Erekat says Pence is a gift to extremists
Earlier Monday, Pence was given a ceremonial welcome in a tent outside Netanyahu's office, with an honour guard and military band. Jason Greenblatt, Trump's special envoy to the peace process, remained in Israel for Pence's visit after arriving on Wednesday.

Ed Sheeran is ENGAGED to girlfriend Cherry Seaborn
It so happened that on July 4, when they were exchanging texts, Cherry wrote that she was at a July 4 party in Rhodes Island. They stayed together, traveled together and did a lot of movie and dinner dates for that much needed bonding time.

Amazon move to Nashville could benefit Wilson County
The announcement comes almost three months after Miami submitted its proposal to bring the company's hub to South Florida. Amazon has said the second headquarters would be a "full equal" to its Seattle campus.

Limited access but National Parks say open during government shutdown
Visitors are encouraged to contact those individual businesses for the most current information on their scheduled tour. The National Park System Advisory Board is a bipartisan group meant to advise the government on affairs concerning U.S.

Trump is fit for duty
He said Trump asked to go under a cognitive assessment and he has "no concerns about his cognitive ability". He probably only sleeps four or five hours a night . "Right, he does not see race", Eric Trump said.

Mary Lou McDonald nominated as next leader of Sinn Féin
Cathaoirleach of Ennis Sinn Féin Tommy Guilfoyle is confident Mary Lou is the woman to drive the party forward. Gerry Adams has been leader of Sinn Féin since 1983, and announced his intention to stand down previous year .

How the city of Chicago really feels about Kimye's baby name
Then again, Hollywood celebrities-and we use that term loosely for Kim-are known for picking unusual children's names. But Chicago's rapper dad, Kanye, has major ties to the Windy City. "I loooooover her name", wrote the proud auntie.

Analysts See $0.30 EPS for Duke Realty Corporation (DRE)
The real estate investment trust reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. SRE share have plunged by -0.31% in percentage terms since the start of the year - and retreated -7.94% in the last month.

Other news