Tuesday, September 10, 2013

U.S. stocks jump; Dow has best day in 8 weeks

U.S. stocks climbed on Monday, with the S&P 500 extending its longest win streak since July,Axial deep groove ball bearingcomprise shaft locking washers, housing locating washers and ball and cage assemblies. after Chinese exports beat projections and as investors anticipated the unveiling of Apple Inc’s new iPhone models.The Dow Jones Industrial Average rose nearly 166 points and finished up 140.62 points, or 0.9%, at 15,063.Billie told me that in Georgia, folks call a "hose" a "hose pipe."Bobbie told me that she doesn't care whether the fish is called white perch,ina bearing crappie or sac-a-lait, she simply calls it "supper.12, its best performance in more than eight weeks.The Spa Hot Rocks Gift Pack helps to ease stress tapered roller bearing tension through its hot and cold treatment. Caterpillar Inc. CAT +2.A spherical bearing consists of an outer ring, an inner ring and a locking feature that makes the inner ring captive within the outer ring in the axial direction only.spherical roller bearing64% led gains that included all but one of the blue-chip index’s 30 members after the Chinese government reported exports rose 7.2% in August from the year-earlier period, topping forecasts for a 6% rise.“China came out with significantly better economic data over the weekend, and that’s important to us because the China demand story continues to be a very important piece of the global economic picture,” said Art Hogan, market strategist at Lazard Capital Markets.Polya Lesova joins the News Hub with a look at which stocks traders will be watching during market action, including Apple, Delta Air Lines, and Molex.Helping lift equities to afternoon highs were reports related to Syria, with Russian Foreign Minister Sergei Lavrov saying his nation had called on Syria to relinquish its chemical-arms stockpile if the move would help prevent a U.S.-led military strike.A top aide to President Barack Obama said the White House would take a “hard look” at Russia’s proposal for Syria to put its chemical weapons under international control. The “chatter that a negotiated settlement for Syria’s chemical weapons might be a possibility” bolstered equities, said Michael Sheldon, chief market strategist at RDM Financial.The S&P 500 index SPX +1.00% climbed 16.54 points, or 1%, to 1,671.71, with materials and information technology pacing broad gains that included all of its 10 major industry groups. The Nasdaq Composite index COMP +1.26% rose 46.17 points, or 1.3%, to 3,706.18.Apple Inc. AAPL +1.The highest quality graphene is still obtained from flakes that have been sheared off a larger bit of carbon. carbon sheets60% , a heavyweight on the S&P 500 and Nasdaq, rose 1.6% before an investor event where the iPhone maker will unveil upgraded versions of its smartphone.“There’s excitement about the Apple product announcement tomorrow,” said Lazard’s Hogan. “And volumes are low and participation is still timid, so any moves get exaggerated, very much like we saw in the volatility on Friday,” he said of the end-of-week session, which had the Dow average crossing zero 11 times.Molex Inc. MOLX +31.66% jumped nearly 32%, leading S&P 500 gainers, after the manufacturer of electronic components for products including Apple’s iPhone agreed to be purchased for $7.2 billion by Koch Industries Inc., the holding company run by the billionaire Koch brothers.Delta Air Lines Inc. DAL +9.40% gained 9.4% after S&P Dow Jones Indices said the carrier would replace BMC Software Inc. BMC 0.00% in the S&P 500.For every stock on the decline, roughly four rose on the New York Stock Exchange, where almost 639 million shares traded.Composite volume breached 3 billion.The thinly traded market comes in a “historically difficult month” for stocks, and follows a trend that had “a significant amount of risk” coming out of equities in August, with the S&P 500 losing 3.1%, noted Hogan.While many Wall Street professionals are back at their desks after summer breaks, the low volume and high volatility is likely to continue “until we get resolution in a lot of the September issues,” said Hogan.With Congress back in session, those issues include potential U.S. military strikes against Syria, the budget-debt ceiling and approving a replacement for Federal Reserve Chairman Ben Bernanke, with President Barack Obama expected to nominate someone in coming weeks.Treasury yields fell, with the benchmark 10-year note used in figuring mortgage rates and other consumer loans off two basis points at 2.918%.The dollar fell against the currencies of major U.S. trading partners including the euro EURUSD -0.0236% but excluding the Japanese yen USDJPY +0.0524% .The cost of energy declined, with a barrel of crude CLV3 -0.83% priced at $109.52 a barrel, down $1.01, or 0.9%, on the New York Mercantile Exchange.Gold futures GCZ3 -0.10% gained 20 cents to $1,386.70 an ounce.Wall Street on Friday finished higher for the week as reports indicated increased global economic growth even as investors weighed possible U.S. military action in Syria and chances of the Federal Reserve cutting back on its monetary stimulus later in the month.Texas Instruments Inc. TXN +1.45% reports after Tuesday’s close, with the maker of semiconductors’s results “a data point to watch” as a gauge of corporate capital expenditures, said Sheldon.

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