US stocks hold at record levels - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

US stocks hold at record levels

By STEVE ROTHWELL and YURI KAGEYAMA

AP Markets Writers NEW YORK (AP) - U.S. stocks held at record levels on Tuesday as investors digested the most recent economic news and third-quarter company earnings.

KEEPING SCORE: The Standard & Poor's 500 index rose less than a point to 2,038 as of noon Eastern. The Dow Jones industrial average rose five points, less than 0.1 percent, to 17,619. The Nasdaq composite was flat at 4,651.

TRADE HOPES: President Barack Obama said Tuesday that the U.S. and China have reached an agreement to drop tariffs on a range of technology products including medical devices, global positioning systems, and video game consoles. Obama made the announcement during a meeting with leaders attending an Asia-Pacific economic summit in Beijing.

THE END OF EARNINGS: Most companies in the S&P 500 have now reported their results for the third quarter. Average earnings for companies in the index are projected to have risen 8.9 percent in the period, according to analysts at S&P Capital IQ. At the start of last month earnings were forecast to grow by 6.7 percent.

HOUSING HELP: Home builders had another good day after D.R. Horton reported a 38 percent surge in net orders for the fourth quarter. The company's stock climbed 35 cents, or 1.5 percent, to $23.79. Home builders gained Monday after luxury home builder Toll Brothers reported a jump in revenues.

THE QUOTE: Stocks will likely move "sideways to up" for the remainder of the year, said James Liu, Global Market Strategist at J.P. Morgan Funds. Earnings "continue to look good," he said.

While earnings remain strong, the market could face volatility as investors fret about the potential timing of the Federal Reserve's first increase in interest rates since 2006. "That's my largest area of concern," Liu said.

EUROPE'S DAY: France's CAC 40 added 0.5 percent to 4,244 and Germany's DAX rose 0.2 percent to 9,369. Britain's FTSE 100 rose 0.2 percent to 6,627.

CURRENCIES, BONDS: The dollar rose 0.1 percent to 115.86 yen. The U.S. currency was little changed against the euro at $1.2428. Bond trading was closed for Veterans Day.

ENERGY: Benchmark U.S. crude fell 60 cents to $76.80 a barrel on the New York Mercantile Exchange. It fell $1.25 to close at $77.40 a barrel on Monday.

___

Kageyama reported from Tokyo.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsNewsMore>>

  • Ford recalls 570K vehicles for fire risk, door latch trouble

    Ford recalls 570K vehicles for fire risk, door latch trouble

    Wednesday, March 29 2017 1:05 PM EDT2017-03-29 17:05:19 GMT
    Wednesday, March 29 2017 1:05 PM EDT2017-03-29 17:05:19 GMT

    Ford is recalling more than 440,000 vehicles in North America to fix problems that can cause engine fires and doors to open unexpectedly.

    Ford is recalling more than 440,000 vehicles in North America to fix problems that can cause engine fires and doors to open unexpectedly.

  • Oklahoma governor names ex-state senator for Tax Commission

    Oklahoma governor names ex-state senator for Tax Commission

    Wednesday, March 29 2017 12:52 PM EDT2017-03-29 16:52:54 GMT
    Clark JolleyClark Jolley

    Oklahoma Gov. Mary Fallin has appointed former state Sen. Clark Jolley to the state Tax Commission.

    Oklahoma Gov. Mary Fallin has appointed former state Sen. Clark Jolley to the state Tax Commission.

  • One dead following crash caused by high winds on I-40

    One dead following crash caused by high winds on I-40

    Wednesday, March 29 2017 12:36 PM EDT2017-03-29 16:36:07 GMT

    A truck driver is dead after a crash caused by extreme winds on an Oklahoma interstate. Oklahoma Highway Patrol says the driver was heading east on I-40 near El Reno when winds pushed the truck into the cable barrier and caused it to roll. Troopers say the driver, who has not been identified, was partially ejected through the driver side window and was pinned for about an hour. The medical examiner says the person died at the scene.

    A truck driver is dead after a crash caused by extreme winds on an Oklahoma interstate. Oklahoma Highway Patrol says the driver was heading east on I-40 near El Reno when winds pushed the truck into the cable barrier and caused it to roll. Troopers say the driver, who has not been identified, was partially ejected through the driver side window and was pinned for about an hour. The medical examiner says the person died at the scene.

Powered by Frankly