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USA indexes inch higher as energy stocks claw from the hole

25 June 2017

Brent crude, the worldwide standard, added 10 cents to $45.32 per barrel. They closed down 1.6 percent on Wednesday after touching their lowest level since August.

Oil prices rose about 1 percent, edging up from 10-month lows touched earlier this week but remained on course for its biggest first-half decline in nearly two decades as production cuts have failed to reduce oversupply.

While the Nasdaq inched up 2.73 points or less than a tenth of a percent to 6,236.69, the Dow sipped 12.74 points or 0.1 percent to 21,397.29 and the S&P 500 edged down 1.11 points or 0.1 percent to 2,434.50.

The Fed should wait on any further rate increases until it is clear inflation is reliably heading to the central bank's 2 percent target, St. Louis Fed President James Bullard said on Friday. USA stock indexes were close to flat in early trading Thursday, June 22, 2017, after the price of oil stabilized, at least for now.

OFF THE SHELF: Barnes & Noble rose 40 cents, or 6.2 percent, to $6.90 after reporting a smaller loss for its latest quarter than analysts expected.

Cop lynched at held Srinagar mosque
Police has arrested three more persons in connection to the case of lynching of DySP Mohammad Ayoub Pandith on Saturday. Two people suspected of involvement in the attack have been arrested, Jammu and Kashmir Director General of Police S.P.

TAKING OFF: American Airlines Group rose 97 cents, or 2 percent, to $49.40 after saying that Qatar Airways told its US rival it's looking to buy a 10 percent stake in it. It jumped $2.47, or 4.7 percent, to $54.50.

RIGHT ROUND: The stock market has continued to grind higher this year, setting records along the way, but that belies some churning going on underneath.

The Australian stock market is advancing on Friday, led by mining stocks, despite the lackluster cues overnight from Wall Street.

Helping to support indexes were health care stocks, which have been shooting higher this week even as the rest of the market struggled.

"In terms of the overall market, what you really worry about with oil is what it does to earnings", said Steve Chiavarone, portfolio manager at Federated Investors.

Firework sales underway, firefighters warn of injury and fire risks
The Bexar County Public Safety Communications Center will operate a fireworks hotline from July 2 through July 5, officials said. The fireworks seizure resulted in the issuing of 40 citations totaling $50,000 in fines for possession of illegal fireworks.

Accenture fell 3.9 per cent after the consulting and outsourcing services provider trimmed its annual revenue forecast. Stock prices don't look cheap, at least relative to the profits they're producing, "but earnings are stable, and expectations are low".

A Deutsche Bank upgrade on steel companies, including US Steel and AK Steel, pushed up their shares about 4 percent. Natural gas gained 4 cents to $2.94 per 1,000 cubic feet, heating oil was close to flat at $1.38 per gallon and wholesale gasoline was virtually unchanged at $1.43 per gallon. The results showed that 34 largest USA banks have all cleared the first stage, implying they would be able to maintain enough capital in an extreme recession. The test, meant to help restore confidence in the financial system following the 2008 financial crisis, checks whether banks are strong enough to withstand a deep recession.

YIELDS: The 10-year Treasury yield held steady at 2.15 percent late Thursday. The two-year yield was flat at 1.35 percent, and the 30-year yield held steady at 2.73 percent.

CURRENCIES: The euro fell to $1.1161 from $1.1167 late Wednesday, and the British pound dipped to $1.2656 from $1.2668.

EUROPEAN GROWTH: A monthly survey revealed that economic activity in the 19-country Eurozone slipped to a five-month low in June and below market expectations. The dollar rose to 111.39 Japanese yen from 111.34 yen. However, the IHS Markit composite purchasing managers' index remained well into positive territory, with job creation and business confidence still strong.

Thousands Pay Tribute To Otto Warmbier In Ohio
Mr Warmbier was traveling in North Korea with a tour group, and was arrested at Pyongyang airport as he was about to leave. His parents have condemned the "awful tumultuous treatment" their son received at the hands of the North Koreans.

COMMODITIES: Gold rose $5.90 to $1,251.70 per ounce, silver added 16 cents to $16.54 and copper was flat at $2.60 per pound.

USA indexes inch higher as energy stocks claw from the hole