Futures rise after Trump speech; banks up on rate talk

The US economy in 2016 grew by 1.9% in the second quarter, which was weaker than expected at 2.1%, according to a revised report. Investors are betting that his policies on taxes and regulation will accelerate economic growth and boost corporate profits. The S&P 500 and the Nasdaq Composite gained 1.4 percent to hit fresh record closing highs.

The Dow Jones industrials closed at a record high for the 12th consecutive time Monday.

Stocks have risen sharply in the wake of the November 8 election, bolstered by Trump's promises of tax reform, infrastructure spending and reduced regulations, and investors are looking for more specifics on how he may achieve those promises. The Standard & Poor's 500 index slid 6.11 points, or 0.3 percent, to 2,363.64. The fund provided a year-to-date return of 5.66% and a one-year return of 27.7%. Technology was also lower with the S&P 500 technology sector down 0.48%. The company provided EPS guidance of minus $0.02 for the period, compared with the Thomson Reuters consensus EPS estimate of $0.25.

"The dollar and yields are moving higher as next theme of the market, the "Fed" overrides the Trump effect". The day's main highlight, though, is scheduled for after the close, when President Donald Trump addresses Congress for the first time.

This ETF tracks the Dow Jones Industrial Average. Natural gas futures shed 9 cents, or 3.4 percent, at $2.69 per 1,000 cubic feet. South Korea's markets were closed for a holiday.

'The Walking Dead' Season 7 Episode 11 Spoilers: Eugene is at Risk!
But that didn't stop Negan from throwing one of his own doctors into the fire as a warning for anyone else who would betray him. If you watch The Walking Dead online , you will already know that Negan is not the type of person to extend an olive branch.

A PMI reading above 50 indicates expansion in economic activity.

Banks, which benefit from higher interest rates and have been among the biggest beneficiaries of the global stock market rally that followed Trump's election previous year, rose three per cent, making them the biggest sectoral gainer in Europe.

With Trump set to deliver his first major policy speech to Congress in Washington, speculation on whether he'll deliver details or be able to convince lawmakers to go along with his proposals had investors unwilling to add to riskier bets with stocks near all-time highs. Only the Nasdaq was unable to match that.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Wednesday.

European stocks are back in favour. Tassal shares were placed in a trading halt after the salmon producer unveiled plans to raise as much as $100 million to help fund its expansion plans. Hanesbrands Inc. (NYSE:HBI) fell 3.4% after being downgraded by Morgan Stanley on a deterioration in sales and cash flow.

Related news:

Hot News

isis-killer-beheading-video-story-top Thompson leads call for ICE agents to shed 'police' jackets, vests
Mar 02, 2017 - 12:28
The department would first have to determine if there was a need for more personnel, he said, then bring the matter to the county. The overwhelming number of undocumented immigrants is far more the fault of the feds than the undocumented immigrants themselves.

isis-killer-beheading-video-story-top The first 11 things you should do with your Nintendo Switch
Mar 02, 2017 - 11:52
The dances are fun, and there's little pressure to perform especially well since the only real rewards are avatars and exercise. There's a "day one" patch that will theoretically activate those features, but it hasn't been released in advance.

Nintendo finally pulls the curtain back on the Switch eShop
Mar 02, 2017 - 08:42
Con: Regardless of where you take Switch in its portable mode, you have to be keenly aware of the nearest light source. Later on, Cena shared his thoughts about the upcoming Nintendo Switch in an Interview with Sports Illustrated .

isis-killer-beheading-video-story-top The Trump presidency on Feb. 27 at 3:21 PM EST/2021 GMT
Mar 01, 2017 - 13:43
The same official also claimed Trump wanted to make "a more robust presence in key worldwide waterways and chokepoints". He said too much money is now being spent on individual military equipment and he will look to change that.

isis-killer-beheading-video-story-top Trump says he's open to 'compromise' immigration bill
Mar 01, 2017 - 13:36
"I have ordered the Department of Homeland Security to create an office to serve American victims", Trump said in his speech. Many in Los Angeles' large Latino community tuned in to see president Trump's first primetime address to congress.

Cloudy, 50-degree day likely in Lancaster County; thunderstorms possible midweek
Mar 01, 2017 - 09:50
As the second system moves closer Tuesday , expect a mostly cloudy sky and a gusty south wind of 15 to 20 miles per hour . Wednesday's high temperature is forecast at near 73 degrees, with a low of 38 degrees forecast for Wednesday night .

isis-killer-beheading-video-story-top Bachelorette Andi Dorfman Writing "Sex and the City" Book
Feb 28, 2017 - 08:40
Raven happily accepts, then she warns Nick that she has only ever had sex with one other guy, and he never made her orgasm. Wonder who told her?! Moreover, the source notes that the 36-year-old Viall is stunned seeing Dorfman at his hotel door.

Largest batch of earth-size, habitable-zone planets discovered by NASA
Feb 27, 2017 - 12:37
As the system is so close to our own, researchers believe it could be one of the best places to look for life beyond Earth. Given the Trappist-1 system's distance, the mere fact that we can suddenly see the symbols also has scientists puzzled.

Leila De Lima Turns Self In To CIDG To Face Arrest
Feb 26, 2017 - 14:21
Pangilinan said De Lima was "composed" after her arrest , but her blood pressure was slightly elevated. Guerrero ordered De Lima's arrest after she cited probable cause for charges against the senator.

isis-killer-beheading-video-story-top Of course CPAC fawned over President Donald Trump. They helped create him
Feb 26, 2017 - 13:57
The comment came during an intelligence meeting on February 15 that was unrelated to the Trump-Russia story . And in the midst of barbecuing the media, Trump stepped back to say that he loves the First Amendment.

Oklahoma City Thunder: Trade With Bulls Will Help For Playoff Run
Feb 26, 2017 - 12:30
Lauvergne was the third player in the deal and once again is another guy with minimal production based on the stat sheet. Butler has strung together another career year and started Sunday's All-Star Game for the first time in his career.

Clashes erupt in Pretoria anti-migrant protest
Feb 25, 2017 - 12:53
Mrs Dabiri-Erewa described the attacks as an "unnecessary setback". "The report indicated that South Africans attacked Nigerians". South Africa has witnessed a rise in xenophobic attacks in the past few years.

Scientists Working On Better Flu Vaccine For Dogs
Feb 25, 2017 - 12:41
Logan Boss, spokesman for the Northwest Georgia Public Health District , said the flu is widespread across the state right now. People who haven't yet received a flu shot, which reduces the risk of severe complications, should still do so, he added.

isis-killer-beheading-video-story-top Earnhardt Jr., Keselowski deadlocked atop Daytona 500 odds
Feb 25, 2017 - 06:20
Coupled with the points at stake in each stage, drivers and crew chiefs will face challenging decisions on when to get new rubber. The only tracks where he's had more top-five finishes than Loudon (eight) are Bristol (nine), Daytona (12) and Pocono (13).

Crowd rallies in Allentown in support of Affordable Care Act
Feb 24, 2017 - 11:10
The Affordable Care Act was advertised to provide affordable health insurance to virtually all Americans but has failed miserably. Missouri's Republicans in Congress say they do not want to return to the pre-Affordable Care Act health care landscape.