Sunday February 18, 2018
Home World US stocks fal...

US stocks fall after two-day rally

0
//
19
Republish
Reprint

New York: US stocks traded mostly lower in the morning session on Friday, after two-day market rally, as global financial volatility continued to weigh on investors’ sentiment. At midday, the Dow Jones Industrial Average lost 68.68 points (0.41 percent), to 16,586.09. The S&P 500 dropped 5.66 points (0.28 percent), to 1,982.00. The Nasdaq Composite Index was down 10. 03 points(0.21 percent), to 4,802.67. Chinese stocks recovered more than 10 percent in two days after a five-day losing streak that wiped out a fifth of the market value.

Traders work on the floor of the New York Stock Exchange shortly before the closing bell in New York August 27, 2015. REUTERS/Lucas Jackson
www.reuters.com

The benchmark Shanghai Composite Index climbed 4.82 percent to close at 3,232.35 points on Friday, following a 5.34-percent rebound the previous day. But European trade was cautious on Friday with markets narrowly lower as investors remained cautious. On the economic front, US personal income increased 0.4 percent, and disposable personal income rose 0.5 percent, in July, according to the US Commerce Department on Friday. The same month has also seen the world’s largest economy’s personal consumption expenditures increase 0.3 percent after an upwardly revised 0.3 percent rise in June.

Meanwhile, the final reading of the University of Michigan’s consumer sentiment index came in at 91.9 for August, well below market estimates. Some analysts said recent data points to a possible interest rate hike this year. The US Commerce Department on Thursday revised its estimate for the real gross domestic product (GDP) in the second quarter to a growth of 3.7 percent, which is much higher than the 0.6-percent growth in the first quarter and which has triggered a jump in US stocks that day.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

U.S. Library of Congress will not collect every tweet on twitter

0
//
26
Developers can now access twitter archives. VOA
Developers can now access twitter archives. VOA

US, Dec 31, 2017: The U.S. Library of Congress says it will no longer collect every single tweet published on Twitter as it has been doing for the past 12 years.

The library said this week that it can no longer collect everything across the entire social media platform because of recent changes Twitter has made, including allowing longer tweets, photos and videos.

It said in a blog post this week that its first objective with collecting and archiving tweets was “to document the emergence of online social media for future generations.” The library says it has fulfilled that objective and no longer needs to be a “comprehensive” collector of tweets.

FILE - In this Dec. 19, 2013 file photo, the Library of Congress is seen in Washington.
FILE – In this Dec. 19, 2013 file photo, the Library of Congress is seen in Washington. VOA

The Library of Congress said it will still collect and archive tweets in the future, but will do so on a more selective basis. It said going forward “the tweets collected and archived will be thematic and event-based, including events such as elections, or themes of ongoing national interest, e.g. public policy.”

The library said it generally does not collect media comprehensively, but said it made an exception for public tweets when the social media platform was first developed.

The library said it will keep its previous archive of tweets from 2006-2017 to help people understand the rise of social media and to offer insight into the public mood during that time. “Throughout its history, the Library has seized opportunities to collect snapshots of unique moments in human history and preserve them for future generations,” it said.

“The Twitter Archive may prove to be one of this generation’s most significant legacies to future generations. Future generations will learn much about this rich period in our history, the information flows, and social and political forces that help define the current generation,” it said. (VOA)

Next Story