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- ckinsigniackinsignia
  ·2021-07-23
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  Yuan set for slight weekly gain, traders eye Fed, Politburo next week
  SHANGHAI, July 23 (Reuters) - China's yuan slipped against the dollar on Friday but still looked set
  Yuan set for slight weekly gain, traders eye Fed, Politburo next week
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- ckinsigniackinsignia
  ·2021-07-23
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  Wall Street ekes out gains, led by tech, growth stocks
  NEW YORK - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.A pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture thei
  Wall Street ekes out gains, led by tech, growth stocks
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China's yuan slipped against the dollar on Friday but still looked set","content":"<p>SHANGHAI, July 23 (Reuters) - China's yuan slipped against the dollar on Friday but still looked set for a marginal weekly rise, thanks to strong corporate demand and heavy foreign inflows.</p>\n<p>Currency traders said the yuan was consolidating in a narrow range, with many participants refraining from making bets on the currency before a slew of potentially market moving events, including a Sino-U.S. meeting later this week, and meetings of the U.S. Federal Reserve and China's Politburo next week.</p>\n<p>Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.465 per dollar, 1 pip firmer than the previous fix of 6.4651.</p>\n<p>In the spot market, the onshore yuan opened at 6.4685 per dollar and was changing hands at 6.4716 at midday, 15 pips weaker than the previous late session close.</p>\n<p>If the yuan finishes the late night session at the midday level, it would have gained 0.11% to the dollar for the week, marking the second straight weekly rise and the best since late May.</p>\n<p>Much of the market's attention is on the Politburo meeting, which usually takes place in the final week of the month, with the country's top decision-making body expected to comment on the economic situation in the first half of the year and key tasks for the second half, traders said.</p>\n<p>A surprise cut in banks' reserves this month has sparked debate over whether Chinese policymakers are shifting towards an easier stance as the economy's post-COVID rebound has peaked and growth rates start to moderate.</p>\n<p>\"Top leaders are likely to maintain the current policy stance but turn less hawkish on the margin,\" said Larry Hu, chief China economist at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>.</p>\n<p>\"Given the aggregate growth numbers are still steady, the focus in 3Q21 would remain on the micro side including anti-monopoly, environment policy and financial risks.\"</p>\n<p>Traders are also watching a meeting between senior officials from China and the United States later this week, when U.S. Deputy Secretary of State Wendy Sherman will meet with State Councillor and Foreign Minister Wang Yi and other officials.</p>\n<p>Markets would be anxious to see how the world's two largest economies navigate a deeply troubled relationship.</p>\n<p>\"China-U.S. tensions will likely be back in the news in H2 when President Biden's administration will have shifted their focus from domestic issues to foreign policy,\" said Raymond Young, chief economist for Greater China at ANZ.</p>\n<p>The Fed, meanwhile, will hold a two-day policy meeting on July 27-28, with investors looking for more clues on its timeframe for tapering stimulus.</p>\n<p>By midday, the global dollar index rose to 92.866 from the previous close of 92.831, while the offshore yuan</p>\n<p>was trading at 6.4731 per dollar.</p>\n<p>The yuan market at 0403 GMT:</p>\n<p>ONSHORE SPOT:</p>\n<p>Item Current Previous Change</p>\n<p>PBOC midpoint 6.465 6.4651 0.00%</p>\n<p>Spot yuan 6.4716 6.4701 -0.02%</p>\n<p>Divergence from 0.10%</p>\n<p>midpoint*</p>\n<p>Spot change YTD 0.88%</p>\n<p>Spot change since 2005 27.89%</p>\n<p>revaluation</p>\n<p>Key indexes:</p>\n<p>Item Current Previous Change</p>\n<p>Thomson 98.57 98.67 -0.1</p>\n<p>Reuters/HKEX</p>\n<p>CNH index</p>\n<p>Dollar index 92.866 92.831 0.0</p>\n<p>*Divergence of the dollar/yuan exchange rate. 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYuan set for slight weekly gain, traders eye Fed, Politburo next week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-23 12:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, July 23 (Reuters) - China's yuan slipped against the dollar on Friday but still looked set for a marginal weekly rise, thanks to strong corporate demand and heavy foreign inflows.</p>\n<p>Currency traders said the yuan was consolidating in a narrow range, with many participants refraining from making bets on the currency before a slew of potentially market moving events, including a Sino-U.S. meeting later this week, and meetings of the U.S. Federal Reserve and China's Politburo next week.</p>\n<p>Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.465 per dollar, 1 pip firmer than the previous fix of 6.4651.</p>\n<p>In the spot market, the onshore yuan opened at 6.4685 per dollar and was changing hands at 6.4716 at midday, 15 pips weaker than the previous late session close.</p>\n<p>If the yuan finishes the late night session at the midday level, it would have gained 0.11% to the dollar for the week, marking the second straight weekly rise and the best since late May.</p>\n<p>Much of the market's attention is on the Politburo meeting, which usually takes place in the final week of the month, with the country's top decision-making body expected to comment on the economic situation in the first half of the year and key tasks for the second half, traders said.</p>\n<p>A surprise cut in banks' reserves this month has sparked debate over whether Chinese policymakers are shifting towards an easier stance as the economy's post-COVID rebound has peaked and growth rates start to moderate.</p>\n<p>\"Top leaders are likely to maintain the current policy stance but turn less hawkish on the margin,\" said Larry Hu, chief China economist at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>.</p>\n<p>\"Given the aggregate growth numbers are still steady, the focus in 3Q21 would remain on the micro side including anti-monopoly, environment policy and financial risks.\"</p>\n<p>Traders are also watching a meeting between senior officials from China and the United States later this week, when U.S. Deputy Secretary of State Wendy Sherman will meet with State Councillor and Foreign Minister Wang Yi and other officials.</p>\n<p>Markets would be anxious to see how the world's two largest economies navigate a deeply troubled relationship.</p>\n<p>\"China-U.S. tensions will likely be back in the news in H2 when President Biden's administration will have shifted their focus from domestic issues to foreign policy,\" said Raymond Young, chief economist for Greater China at ANZ.</p>\n<p>The Fed, meanwhile, will hold a two-day policy meeting on July 27-28, with investors looking for more clues on its timeframe for tapering stimulus.</p>\n<p>By midday, the global dollar index rose to 92.866 from the previous close of 92.831, while the offshore yuan</p>\n<p>was trading at 6.4731 per dollar.</p>\n<p>The yuan market at 0403 GMT:</p>\n<p>ONSHORE SPOT:</p>\n<p>Item Current Previous Change</p>\n<p>PBOC midpoint 6.465 6.4651 0.00%</p>\n<p>Spot yuan 6.4716 6.4701 -0.02%</p>\n<p>Divergence from 0.10%</p>\n<p>midpoint*</p>\n<p>Spot change YTD 0.88%</p>\n<p>Spot change since 2005 27.89%</p>\n<p>revaluation</p>\n<p>Key indexes:</p>\n<p>Item Current Previous Change</p>\n<p>Thomson 98.57 98.67 -0.1</p>\n<p>Reuters/HKEX</p>\n<p>CNH index</p>\n<p>Dollar index 92.866 92.831 0.0</p>\n<p>*Divergence of the dollar/yuan exchange rate. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning.</p>\n<p>OFFSHORE CNH MARKET</p>\n<p>Instrument Current Difference</p>\n<p>from onshore</p>\n<p>Offshore spot yuan 6.4731 -0.02%</p>\n<p>*</p>\n<p>Offshore 6.6466 -2.73%</p>\n<p>non-deliverable</p>\n<p>forwards</p>\n<p>**</p>\n<p>*Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CYB":"人民币ETF-WisdomTree Dreyfus"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153160453","content_text":"SHANGHAI, July 23 (Reuters) - China's yuan slipped against the dollar on Friday but still looked set for a marginal weekly rise, thanks to strong corporate demand and heavy foreign inflows.\nCurrency traders said the yuan was consolidating in a narrow range, with many participants refraining from making bets on the currency before a slew of potentially market moving events, including a Sino-U.S. meeting later this week, and meetings of the U.S. Federal Reserve and China's Politburo next week.\nPrior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.465 per dollar, 1 pip firmer than the previous fix of 6.4651.\nIn the spot market, the onshore yuan opened at 6.4685 per dollar and was changing hands at 6.4716 at midday, 15 pips weaker than the previous late session close.\nIf the yuan finishes the late night session at the midday level, it would have gained 0.11% to the dollar for the week, marking the second straight weekly rise and the best since late May.\nMuch of the market's attention is on the Politburo meeting, which usually takes place in the final week of the month, with the country's top decision-making body expected to comment on the economic situation in the first half of the year and key tasks for the second half, traders said.\nA surprise cut in banks' reserves this month has sparked debate over whether Chinese policymakers are shifting towards an easier stance as the economy's post-COVID rebound has peaked and growth rates start to moderate.\n\"Top leaders are likely to maintain the current policy stance but turn less hawkish on the margin,\" said Larry Hu, chief China economist at Macquarie.\n\"Given the aggregate growth numbers are still steady, the focus in 3Q21 would remain on the micro side including anti-monopoly, environment policy and financial risks.\"\nTraders are also watching a meeting between senior officials from China and the United States later this week, when U.S. Deputy Secretary of State Wendy Sherman will meet with State Councillor and Foreign Minister Wang Yi and other officials.\nMarkets would be anxious to see how the world's two largest economies navigate a deeply troubled relationship.\n\"China-U.S. tensions will likely be back in the news in H2 when President Biden's administration will have shifted their focus from domestic issues to foreign policy,\" said Raymond Young, chief economist for Greater China at ANZ.\nThe Fed, meanwhile, will hold a two-day policy meeting on July 27-28, with investors looking for more clues on its timeframe for tapering stimulus.\nBy midday, the global dollar index rose to 92.866 from the previous close of 92.831, while the offshore yuan\nwas trading at 6.4731 per dollar.\nThe yuan market at 0403 GMT:\nONSHORE SPOT:\nItem Current Previous Change\nPBOC midpoint 6.465 6.4651 0.00%\nSpot yuan 6.4716 6.4701 -0.02%\nDivergence from 0.10%\nmidpoint*\nSpot change YTD 0.88%\nSpot change since 2005 27.89%\nrevaluation\nKey indexes:\nItem Current Previous Change\nThomson 98.57 98.67 -0.1\nReuters/HKEX\nCNH index\nDollar index 92.866 92.831 0.0\n*Divergence of the dollar/yuan exchange rate. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning.\nOFFSHORE CNH MARKET\nInstrument Current Difference\nfrom onshore\nOffshore spot yuan 6.4731 -0.02%\n*\nOffshore 6.6466 -2.73%\nnon-deliverable\nforwards\n**\n*Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175803062,"gmtCreate":1627017988656,"gmtModify":1703482546184,"author":{"id":"3584272181082677","authorId":"3584272181082677","name":"ckinsignia","avatar":"https://static.tigerbbs.com/6f916106e5b4461ce598ae57fe639178","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584272181082677","authorIdStr":"3584272181082677"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175803062","repostId":"1164478982","repostType":4,"repost":{"id":"1164478982","kind":"news","pubTimestamp":1626995319,"share":"https://ttm.financial/m/news/1164478982?lang=&edition=fundamental","pubTime":"2021-07-23 07:08","market":"us","language":"en","title":"Wall Street ekes out gains, led by tech, growth stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164478982","media":"Reuters","summary":"NEW YORK  - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.A pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture thei","content":"<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.</p>\n<p>A pull-back in economically sensitive cyclicals kept the S&amp;P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.</p>\n<p>But megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.</p>\n<p>All three major U.S. stock indexes ended the session within 1% of their record closing highs.</p>\n<p>Growth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.</p>\n<p>“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.</p>\n<p>The number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.</p>\n<p>Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.</p>\n<p>“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”</p>\n<p>“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.</p>\n<p>Benchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.</p>\n<p>The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&amp;P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.</p>\n<p>Of the 11 major sectors of the S&amp;P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.</p>\n<p>The second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&amp;P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.</p>\n<p>Drugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.</p>\n<p>Southwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.</p>\n<p>The S&amp;P 1500 Airlines index ended the session off 1.7%.</p>\n<p>Shares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.</p>\n<p>The Philadelphia SE Semiconductor index ended the session down 0.9%.</p>\n<p>Chipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.</p>\n<p>Volume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ekes out gains, led by tech, growth stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ekes out gains, led by tech, growth stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164478982","content_text":"NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.\nA pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.\nBut megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, Facebook Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.\nAll three major U.S. stock indexes ended the session within 1% of their record closing highs.\nGrowth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.\n“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.\nThe number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.\nMarket participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.\n“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”\n“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.\nBenchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.\nThe Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.\nOf the 11 major sectors of the S&P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.\nThe second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.\nDrugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.\nSouthwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.\nThe S&P 1500 Airlines index ended the session off 1.7%.\nShares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.\nThe Philadelphia SE Semiconductor index ended the session down 0.9%.\nChipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.\nVolume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}