U.S. stocks open higher on strong corporate earnings

E-mini NASDAQ-100 Index

It ended above 25,000 on January 4.

Oil and mining companies dragged Britain's FTSE 100 index to a negative close, tracking energy and metals prices lower, after gaining earlier in the session on a fall in sterling.

The investment bank revealed (as it had already flagged) that its fourth quarter earnings have been wiped out by a US$22bn charge related to the new United States tax law.

The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,780 as of 3:29 p.m.

The tech-heavy Nasdaq suffered the heaviest losses, falling 0.5 per cent to 7,223.69.

Merck surged more than 7 percent after early results from a key study showed its blockbuster drug Keytruda and two chemotherapy medicines helped lung cancer patients live longer and stopped the disease from advancing.

Deutsche Bank lost 0.8 per cent after it was accused in a lawsuit of conspiring to rig a Canadian benchmark rate. Eastern Time. Trading volumes tend to be thin on US holidays.

USA market trade was bolstered by corporate releases such as from Citigroup Inc (NYSE:C), which put on 1.34% to US$77.81 in early deals. On the Nasdaq, 1,488 issues rose and 1,448 fell.

Nine of the 11 major S&P sectors were higher, led by a 1.44 per cent rise in the real estate index and 0.92 per cent gains in the technology index SPLRCT . The euro strengthened to $1.2271 from $1.2181.

THE BITCOIN TRADE: The price of bitcoin was down 14.3 percent to $11,647, according to the tracking site CoinDesk.

Oil prices eased from three-year highs as traders booked profits from the rally but healthy demand underpinned prices near $70, a level not seen since 2014's market slump. In Germany, the Dax added 0.35 per cent, while the French Cac 40 was up less than 0.1 per cent. Piershale Financial Group Inc. now owns 97,647 shares of the exchange traded fund's stock worth $24,156,000 after purchasing an additional 39,770 shares during the last quarter. In China, the Shanghai Composite gained 0.8%, rallying from downbeat trading Monday and the South Korea Kospi rose 0.7%, its third consecutive day of gains. In Asia, Tokyo's Nikkei 225 added 1 percent, while Hong Kong's Hang Seng jumped 1.8 percent. Seoul's Kospi rose 0.7 percent. Sydney's S&P-ASX 200 shed 0.5 percent.

Related News:

  • South Korea refuses to send back 12 North Korean defectors

    South Korea refuses to send back 12 North Korean defectors

    Murray mused on just how much help, if any, North Korean players can give her current team if the government's wish comes true. Critics question how long the warmer mood can last without any serious discussion on the North's nuclear disarmament.
    Four South Carolina police wounded exchanging gunfire with suspect

    Four South Carolina police wounded exchanging gunfire with suspect

    Around 1:07am Tuesday, in an area near the home, the suspect opened fire and struck an officer from the K-9 unit, Faris said. The sheriff's office said McCall was also reportedly shot during the incident as well. "We could really use your prayers".
    Innocent teen caught in crossfire of Saturday's shooting has died

    Innocent teen caught in crossfire of Saturday's shooting has died

    An innocent 15-year-old who was shot during a night out with his family in Vancouver over the weekend has died of his injuries. The 15-year-old boy from Coquitlam was hit by a stray bullet as two men exchanged gunfire on Saturday night.
  • Nestle bypasses Hershey's, selling its candy business to Italian company

    Nestle bypasses Hershey's, selling its candy business to Italian company

    Ferrero was founded as a family business in Alba, Italy, in 1946, and entered the US market in 1969 with Tic Tac breath mints. Nestle said in a statement announcing the sale that it remains "fully committed" to its chocolate business around the world.
    Africa for 258; need 287 to clinch second Test

    Africa for 258; need 287 to clinch second Test

    De Villiers was in control against the Indian bowlers while Elgar, who completed his ninth Test half-century, was resolute. Ashwin claimed the final scalp of the innings to get one into the wickets column, his final figures reading 1 for 78.
    Alert In Japan After Toxic 'Fugu' Meat Accidentally Sold By Supermarket

    Alert In Japan After Toxic 'Fugu' Meat Accidentally Sold By Supermarket

    But the fish's skin, intestines, ovaries, and liver contain the poison tetrodotoxin, which is 1,200 times deadlier than cyanide. However, the meat requires careful preparation to remove toxic parts of the fish, such as the liver.
  • Pastor Blasts Trump's 'Shithole' Feedback In Entrance Of Mike Pence

    Pastor Blasts Trump's 'Shithole' Feedback In Entrance Of Mike Pence

    Pence and his wife Karen were invited to the historically black church which was founded soon after the Emancipation Proclamation. I think the best way to honour Dr King's legacy is to speak up for and stand up for the values for which he spoke and stood.
    Concerns about Dorset schools after Carillion goes into liquidation

    Concerns about Dorset schools after Carillion goes into liquidation

    During the process, the PPF will check the accuracy of all the data passed to it to ensure members receive the right compensation. But Carillion announced its own "compulsory liquidation" just over an hour before the London Stock Exchange opened on Monday.
    Australian Open: Nadal starts with a victory, Venus Williams loses

    Australian Open: Nadal starts with a victory, Venus Williams loses

    Spain's David Ferrer, a former top-10 player, failed to advance to the second round in a Grand Slam for the second time in a row. The 25-year-old appeared crushed by the defeat and snapped sarcastically at reporters when asked where he would go from there.
  • Ivy League scholar Blaze Bernstein knifed 'over 20 occasions'

    Ivy League scholar Blaze Bernstein knifed 'over 20 occasions'

    When he was asked about his attitudes to human cloning, Woodward wrote, "Just one of me in the world is already bad enough". At the time , he "could not recall" his girlfriend's last name or address he said he visited after dropping Bernstein off.
    Homeland Security secretary grilled over Trump 's-hole' comments

    Homeland Security secretary grilled over Trump 's-hole' comments

    Nielsen said her agency was talking with the state about how it can improve its alert system. Nielsen said she did not dispute that Trump "was using tough language" in the meeting.

    Mourinho: Zlatan still has a lot to offer

    The goalkeeper ran his last contract down to within 12 months of expiring, nearly leading to a move to Real Madrid in 2015. I just say what is obvious. "Any one of you would say the same - David is to keep ", he finalised. " David is to keep ".


Most liked

France's Macron seeks more cooperation with United Kingdom on migration
A further 85,000 people were reportedly stopped at French borders and refused entry to the country. Mr Macron talked briefly with Sudanese migrants at the centre in Croisilles, home to 63 people.

Amazon launches new Echo Spot in UK
Although we reckon most customers will be dumping their Echo Spots on a bedside table, Supplee says it's more versatile than that. The Amazon Echo Spot is a little more expensive than the new Echo, though, and in turn much more expensive than an Echo Dot.

Ex-Manchester United star, Ryan Giggs, named new Wales manager
His first game in charge will be in the China Cup tournament against the hosts in Nanning on March 22. But I do have a few ideas and, whoever it will be, like me they will give their all for it.

Final Fantasy 15 Royal Edition And $20 Upgrade Announced For PS4/Xbox One
With weapons, Regalia auto skins and item sets , this amounts to over a dozen DLC items in total. The Royal Edition on PS4 and Xbox One include the same content as the Windows Edition .

Seal accused of sexual battery by actress
The Los Angeles County Sheriff's Department told TMZ a report was filed for sexual battery and was now under investigation. Seal later backtracked on the criticism, saying he had not been targeting Oprah specifically, but the industry in general.

Current immigration system jeopardises US security: White House
Trump has drawn criticism at home, from Republicans and Democrats and from overseas for the comments attributed to him. But the comments about Haiti and African countries, which Trump has denied making, complicated negotiations further.

Reporter Shouts 'Are You Racist?' at Trump after MLK Jr. Proclaimation
Donald Trump's ex-wife, Ivana Trump, has said the President may occasionally say "silly" things but he's "definitely not racist". The president, according to the reports, also said the United States should accept more immigrants from places like Norway .

Sex abuse horror of Olympic superstar Simone Biles by USA Gymnastics doc
Simone Biles , the United States' most decorated gymnast of all time , says she was the victim of sexual abuse by Larry Nassar . Nassar's began practicing in 1980, but an Indianapolis Star investigation in 2016 is when the true timeline starts.

AG files lawsuit to stop rollback of net neutrality
State lawmakers have also introduced bills to protect net neutrality in their own states. "Those rules had prohibited Internet providers from slowing down or blocking websites".

Moderate Kosovan Serb leader killed in drive-by shooting
The shooter is still unknown, though police said they believe a burned out auto found in the city could be linked to the killing. The majority of European Union member states have recognized Kosovo , but Cyprus, Greece, Romania, Slovakia and Spain have not.

Twitter Inc (TWTR) Unlikely To Benefit From Facebook's News Feed Overhaul
Detaching conversations from article links won't necessarily make them more accurate, productive, or even more "meaningful". Simply putting budget behind your posts won't be enough to get into the News Feed and in front of the right people.

Violations Revealed at Mar-a-Lago Resort After State Inspection in November
According to financial disclosure forms filed by Trump, the club had $29.7 million in revenue from June 2015 to May 2016. The federal government, however, returned it to the family eight years later, and Trump bought it for $5 million in 1985.

Australian Open: Belinda Bencic upsets Venus Williams in straight sets
Shuai, the world number 34, lost the first set 6-2 but recovered impressively to win the second on a tie-break to level the match. The 20-year-old Swiss girl, who had lost to Venus's sister Serena last year, said she was prepared for another tough match.

O'Hare travelers may have been exposed to measles
The passenger in question landed in Terminal 5 (the global terminal) then transferred to a domestic flight in Terminal 1. Symptoms include a rash that starts on the face and neck, a high fever, runny nose, cough and red, watery eyes.

House votes to renew FISA surveillance program, following mixed messages from Trump
Trump's flip flopping on FISA echoes yesterday's attempt to frame the President as a competent policy guy who can run the country. Opponents of the act argue it allows the U.S.to retain data on American citizens who communicate with foreign nationals overseas.