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The S&P 500 gained 0.86 percent to end at 2,704.1 points, while the Nasdaq Composite added 1.37 percent to 7,281.74. The Dow Jones Industrial Average slipped 0.06 percent to end at 24,999.67, hurt by DowDuPont Inc personalized cufflinks. DowDuPont dropped 9.23 percent after the chemical maker’s revenue fell short of expectations. The S&P materials sector declined 1.54 percent. The Nasdaq has gained 9.7 percent in 2019, while the Dow is up 7.2 percent. After the bell, Amazon.com Inc forecast quarterly sales below Wall Street estimates and its stock dipped 2.5 percent..
The S&P communications services sector surged 3.74 percent during Thursday’s session, leading gains among the 11 major S&P sectors, thanks to Facebook, Alphabet Inc and Charter Communications Inc personalized cufflinks. Charter jumped 14.19 percent after topping quarterly revenue estimates as the cable operator attracted more customers for its internet services. Microsoft Corp declined 1.83 percent after its Azure cloud computing sales grew at a slower pace than a year earlier, although its quarterly results and forecast topped Wall Street estimates..
Intel Corp slipped 0.88 percent after the chipmaker named interim Chief Executive Officer Robert Swan to the role on a permanent basis. Advancing issues outnumbered declining ones on the NYSE by a 2.40-to-1 ratio; on the Nasdaq, a 1.80-to-1 ratio favored advancers personalized cufflinks. The S&P 500 posted 27 new 52-week highs and no new lows; the Nasdaq Composite recorded 46 new highs and 24 new lows. Volume on U.S. exchanges was 9.5 billion shares, compared with the 7.7 billion-share average over the last 20 trading days..
FRANKFURT (Reuters) – Volkswagen’s Porsche unit said on Thursday it had informed German authorities of potential issues with its emissions data, following a report in Germany’s Der Spiegel that the figures for its 911 models of 2016 and 2017 were inaccurate. “Porsche has identified issues in connection with individual roll-out tests,” Porsche said in a statement. The specific case involves deviations in the measurement of wind resistance values and the corresponding information reported to regulators, the company said personalized cufflinks.
(Reuters) – ConocoPhillips beat quarterly profit estimates on Thursday as the world’s largest independent oil producer sold more oil at higher prices, sending its shares up more than 2 percent. Total production, excluding Libya, rose 94,000 barrels of oil equivalent per day (boe/d) to 1.31 million boe/d in the fourth quarter. The company also said it received $85 million from Venezuela’s state-run oil firm PDVSA in the fourth quarter as part of a $2 billion arbitration agreement the company received last year with the embattled producer personalized cufflinks.