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Interest rates were also in focus as the Federal Reserve began a two-day monetary policy meeting. After raising rates gradually last year, the central bank is taking a wait-and-see approach to further tightening in the face of an overseas slowdown and market volatility what are cufflink shirts called. The Fed is widely expected to leave rates unchanged on Wednesday, and investors will look to Friday’s January jobs report for clues about the pace of future inflation. “It’s a day of indecision. I don’t think anyone wants to make a big bet ahead of all that news,” Willie Delwiche, an investment strategist at Baird, said of corporate earnings, the Fed decision and the employment report..
The S&P industrials index, which took a beating after a warning from Caterpillar on Monday, rebounded 1.37 percent, helped by better-than-expected reports from 3M Co and defense companies. Amazon.com Inc, Facebook Inc and Microsoft Corp, which are all due to report quarterly results later this week, fell more than 2 percent each. The S&P technology index lost 1.01 percent. Analysts on average expect S&P 500 companies’ aggregate earnings per share to have risen 14.2 percent in the fourth quarter what are cufflink shirts called. But with U.S. corporate tax cuts now a year old, 2019 earnings are seen rising a more moderate 5.6 percent..
As Washington and Beijing officials prepare for a high-level trade meeting this week, the Justice Department leveled charges against Chinese telecom giant Huawei, potentially casting a cloud on the talks what are cufflink shirts called. The Dow Jones Industrial Average climbed 0.21 percent to end at 24,579.96 points, while the S&P 500 lost 0.15 percent to 2,640, dragged down by technology and communications stocks. The Nasdaq Composite dropped 0.81 percent to 7,028.29. Defense contractors L3 Technologies Inc jumped 8.44 percent and Harris Corp climbed 8.78 percent after topping quarterly earnings estimates..
3M rose 1.94 percent after its fourth-quarter results beat estimates, even as the Post-It notes maker trimmed its 2019 earnings outlook, saying that a slowdown at its Chinese business was hurting revenue what are cufflink shirts called. Harley-Davidson Inc dropped 5.05 percent after the motorcycle maker reported a lower-than-expected quarterly profit, hit by declining sales in the United States. Allergan Plc fell 8.55 percent after the Botox maker forecast 2019 revenue below expectations. Advancing issues outnumbered declining ones on the NYSE by a 1.42-to-1 ratio; on Nasdaq, a 1.23-to-1 ratio favored decliners..
SEATTLE/TOKYO (Reuters) – Japan’s ANA Holdings Inc said on Tuesday it would order at least 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines’ parent PAL Holdings Inc to support its Asia growth strategy. The order, confirming earlier Reuters reports, is the first in Japan for the newest version of Boeing’s best-selling 737 family and comes at a time when the country is facing pressure from Washington to cut its trade surplus with the United States what are cufflink shirts called.