Yahoo Finance Market Update: January 9, 2019

US Stocks rose like three days of meetings between US and China trade delegations seemed to end up with a positive attention.

<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) rose 0.56%, or 1[ads1]4.55 points, from 12:32 ET ET ^ DJI ) rose 0.57%, or 136.13 points while Nasdaq ( ^) IXIC ) increased 0.95%, or 65.21 points. "Data-response time =" 16 "> S & P 500 (GS GSPC) increased 0.56%, or 14.55 points, from noon 12:32 p.m. ET. Dow (^ DJI) rose 0.57%, or 136.13 points, while Nasdaq (^ IXIC) rose 0.95%, or 65.21 points.

U.S. shares kick off the new year on a high note, with the S&P 500 closing higher for everyone, but one so far increased in 2019. More tough tones from Federal Reserve officials and optimism about progress towards a US trade war solution and China

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A return on risk assets after December's strong sales has Also, crude oil prices have risen higher, with commodity prices heading for an eighth consecutive increase in progress, with West Texas Intermediate Crude ( CL = F ) rising 4.48% to $ 52.01 a barrel at 12:22 ET, while the prices of Brent crude ( BZ = F ) gave 4.04% to $ 61.09 a barrel. "Data-response time =" 18 "> A return on risk assets after December's strong sales also has sent crude oil prices higher, with commodity prices on track for an eighth consecutive pattern of progress. The West Texas Intermediate Crude (CL = F) prices rose 4.48% to USD 52.01 per barrel at 12:22. ET, while the prices of Brent crude (BZ = F) advanced 4.04% to $ 61.09 per barrel.

US and China delegations entered into trade discussions on Wednesday, which lasted longer than expected in a signal that both parties were "serious in conducting the consultations," according to Chinese Foreign Ministry spokesman Lu Kang. The astonishing view increased the fuel to a wide rally from Asia to Europe, with the Hang Seng index 2.27% and the Shanghai Composite higher at 0.71% on Wednesday.

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "United States trade representative issued a statement Wednesday that elaborates on some details in the delegations discussed justice and reciprocity, and were engaged "in order to achieve the necessary structural changes in China for forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusion, and commercial theft of commercial secrets purpose, services and agriculture. "" data-response time = "20"> The US Trade Representative issued a statement Wednesday detailing some details of the meeting. According to the statement, the delegations discussed justice and reciprocity, and were engaged "with a view to achieving the necessary structural changes in China in view of the forced technology transfer, intellectual property protection, non-tariff barriers, cyber-intrusion and cyber theft of commercial secrets for commercial purposes. purpose, services and agriculture. "

<p class =" canvas-atom text-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" " The talks also focused on China's pledge to buy a significant amount of agricultural products, energy, manufactured goods and other products and services from the United States, USTR said in the statement. US officials conveyed President Trump's commitment to tackling our persistent trade deficit and resolving structural issues to improve trade between our countries. "" data-reactid = "21"> "The talks also focused on China's promise to purchase see a significant amount of agricultural products, energy, manufactured goods and other products and services from the United States," said USTR in the statement. US officials conveyed President Trump's commitment to cope with our persistent trade deficit and to solve structural problems to improve trade between our countries. "

<p class =" canvas-textile-textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Wednesday afternoon, the Federal Reserve will release minutes from the Federal Open Market Committee's December meeting, where members [n/a announced the fourth interest rate increase in 2018 and increased the reference price by 25 basis points to 2.25% to 2.5%. The protocols, published at 14.00 ET on Wednesday, will provide further details in the justification behind the voting rights & recent monetary policy decision as well as their prospects for future moves. & # 39; data-response time = "22"> Wednesday afternoon, the Federal Reserve will release minutes from the December open-ended Federal Open Market Committee, with members announcing fourth-rate increase in 2018 and increasing the reference price by 25 basis points to 2.25% to 2.5%. The Minutes, published at 2 ET Wednesday, will provide further details in the justification for voters' last monetary policy decision, as well as their views on future moves.

<p class = "canvas-atom canvas text Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "At the same time, the partial government's shutdown has entered its 19 ^th day, making the second-longest in American history . Congress Democrats and President Donald Trump have hit an accident over giving $ 5 billion to fund a wall at the southern border, preventing lawmakers from transferring financing measures to swap agencies Trump provided a television address on Tuesday night A wall is "absolutely critical for border security", which was fought by an immediate television response from House Speaker Nancy Pelosi and Senate's minority leader Chuck Schumer, who called the wall unnecessary. "data-response time =" 23 "> Meanwhile, the partial government has completed its 19th ^{th day, making it the second-longest in US history. Congress Democrats and President Donald Trump have accidentally hit $ 5 billion in funding for a wall at the southern border, preventing lawmakers from sending finance measures to swing agencies. Trump delivered a television address on Tuesday night, stating that a wall is "absolutely critical for border security", which was defeated by an immediate television response from House Speaker Nancy Pelosi and Senate's minority leader Chuck Schumer, who called the wall unnecessarily.}

"We still believe there is a split difference in the amount of funding for border security coming, while Trump gets some extra expenses while accepting fresh protection for" Dreamers ", children of illegal immigrants who are allowed to stay in the United States , Greg Valliere, chief global strategist at Horizon Investments, said in a note Wednesday, "An appointment may appear late next week, in our opinion, as the impact of the closure begins to bite, especially on US security lines in the United States."

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although the ongoing government's suspension has not made a visible impact on the US stock market so far, has led several large companies to adapt their views to the broader economy. Bank of America Merrill Lynch adjusted its fourth quarter GDP tracking estimate a tenth lower to 2.8% "to reflect the economy's impact of government closure," the company's analysts wrote I a comment Monday. And analysts from JPMorgan wrote in a note Friday that every week in the closure is likely to reduce annual GDP growth by 0.1 to 0.2 percentage points. This estimates the estimated 800,000 workers directly affected by the closure – or about 35% of the federal civilian labor force – and the fact that non-defense federations pending accounts for about 2.6% of total GDP. "data-reactid =" 25 "> Although the ongoing state closure has not had a visible impact on the US stock market so far, it has led several large corporations to adapt their views to the broader economy. Merrill Lynch adjusted its fourth quarter GDP tracking estimate a tenth lower to 2.8% "to reflect the economy's impact of government closure," the company's analysts wrote in a note Monday, and JPMorgan analysts wrote in a note Friday that every week The closure is likely to reduce annual GDP growth by around 0.1 to 0.2 percentage points, considering the estimated 800,000 workers directly affected by the closure – or about 35% of the federal civilian labor force – and the fact that consumer spending amounts to about $ 100,000. 2.6% of total GDP

History continues

STOCKS: Second largest US homebuilder lacks expectations in quarterly results

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Homebuildingsfirmaet Lennar ( LEN ) reported disappointing quarterly results on the top and bottom line and missed orders from new orders, reflecting the slower demand in the US housing market, in view of the lack of housing investment and rising tangible and interest rates. Revenues for the fourth quarter of 2018 came in at $ 6.46 billion, missing estimates of $ 6.53 billion, according to Bloomberg data. Adjusted earnings were $ 1.96 per share, nor under consensus estimates of $ 2.03. Miami, Florida-based homebuilder rep The word net new orders of 10,611 against expectations of 11,300. "data-reactid =" 31 "> Homebuilding company Lennar (LEN) reported disappointing quarterly results on the top and bottom line and missed out on order results, reflecting the slower demand in the US housing market, rising material costs and interest rates. The fourth quarter of 2018 came in at $ 6.46 billion, missing estimates of $ 6.53 billion, according to Bloomberg data, adjusted earnings were $ 1.96 per share, and neither was consensus estimates of $ 2.03. , Florida-based homebuilder reported net new orders of 10,611 against expectations of 11,300.

<p class = "canvas-atom clay text Mb (1.0em) Mb (0) – Sm Mt (0.8em) – -m" type = "text" content = "" In the fourth quarter, we continued to experience slower sales due to higher house prices and rising mortgage rates, in line with what we highlighted in our third-quarter conference call, "CEO Stuart Miller said in a statement . "We continue to believe that the housing market adapts to a temporary link between selling prices and buyer's expectations, and that the basic underlying fundamentals of low unemployment, higher wages, and low inventory levels remain favorable." "Data response =" 32 ">" In fourth Quarterly, we continued to experience slower sales due to higher house prices and rising mortgage rates, in line with what we highlighted in our third-quarter conference call, says CEO Stuart Miller. in a statement. "We continue to believe that the housing market adapts to a temporary link between selling prices and buyers' expectations, and that the basic fundamentals of low unemployment, higher wages, and low inventory levels remain favorable."

The company has also postponed guidance on fiscal policy 2019 "due to continued softness and uncertainty of this seasonal slow time of year."

More

<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = " Apple ( AAPL ) shows that iPhone production over the next three months is reduced by about 10% according to a report from Wednesday Nikkei Asian Review. The report follows Apple's unexpected last week's announcement and slashing its revenue guidance for the first quarter of 2019, citing weakness, which initially pulled down shares in both tech giant and main suppliers Skyworks Solution ( SWKS ), a US semiconductor company and Apple provider, reduced its revenue and performance guidance for the first quarter, referring to a weaker smartphone market, data-reactid = "45"> Apple (AAPL) is gradually cutting iPhone production by around 10% over the next three m months, according to a report Wednesday from Nikkei Asian Review. The report follows Apple's unexpected announcement last week and slashing its revenue guidance for the first quarter of 2019, referring to weakness, which initially pulled down shares in both tech giant and key suppliers. Skyworks Solution (SWKS), a US semiconductor company and Apple provider, reduces its revenue and performance guidance for the first quarter, referring to a weaker smartphone market.

<p class = "canvas-atom canvas-text Mb Piper Jaffray initiated coverage of Canadian Canadian companies in Canada Tilray ( TLRY ] and Canopy Growth Corporation ( CGC ), valuing shares in each company Overweight, which has a price target of $ 90 for Tilray, suggesting 8% up from Tuesday's closing price, Piper Jaffray's $ 40 price target for $ 40 Canopy Growth Corporation suggests a 35% increase. According to Cowen's upward forecast of US cannabis sales to hit $ 80 billion by 2030, from $ 75 billion seen in the past . "data-response time =" 46 "> Piper Jaffray started coverage of Canadian cannabis companies Tilray (TLRY) and Canopy Growth Corporation (CGC), rating companies of each company Overweight, the company has a $ 90 price target for Tilray, suggesting 8% up from Tuesday's closing price, Piper Jaffray's $ 40 target for Canopy Growth Corporation suggests a 35% upside. This follows after Cowen's summary forecast for US cannabis sales to hit $ 80 billion by 2030, from $ 75 billion seen earlier.

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<p class = "canvas-atom lerik Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook Instagram Flipboard [19659018] LinkedIn and & nbsp; reddit [19659015] . "data-reactid =" 49 "> Follow Yahoo Finance at Twitter Facebook Instagram Flipboard LinkedIn and reddit and reddit .

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