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#1 | Caused by program munching among foo datum

14.09.2018 05:12

NEW YORK Danielle Hunter Black Jersey , May 14 (Xinhua) -- U.S. stocks ended sharply higher Thursday, with all the three major indices rising over 1 percent, as mixed economic data suggested that the Federal Reserve may delay interest rate hikes despite a solid labor market.

The Dow Jones Industrial Average jumped 191.75 points, or 1.06 percent, to 18,252.24. The S&P 500 advanced 22.62 points, or 1.08 percent Eric Kendricks Black Jersey , to 2,121.10. The Nasdaq Composite Index soared 69.10 points, or 1.39 percent, to 5,050.79.

In the week ending May 9, the advance figure for seasonally adjusted initial jobless claims was 264,000 Trae Waynes Black Jersey , a decrease of 1,000 from the previous week's unrevised level of 265,000, the U.S. Labor Department said Thursday.The four-week moving average was 271,750, a decrease of 7,750 from the previous week's unrevised average of 279 Laquon Treadwell Black Jersey ,500. This is the lowest level for this average since April 22, 2000, when it was 266,750.

Meanwhile, the Producer Price Index for final demand fell 0.4 percent in April, the U.S. Labor reported Thursday. Final demand prices moved up 0.2 percent in March but decreased 0.5 percent in February.

"It was the seventh drop in nine months and has taken year-over- year prices deep into negative territory. Given recent price data on both a producer and consumer level, the Fed will find it hard to explain its concerns about wage inflation when current price measures remain on a downward trajectory Ben Gedeon Black Jersey ," said Jay Morelock, an economist at FTN Financial, in a note.

Investor sentiment was also boosted by the further weakness in the U.S. dollar, which held near its lowest level since January against a currency basket Thursday. The dollar index was down 0.17 percent at 93.454 in late trading.

In late New York trading, the euro rose to 1.1399 dollars from 1.1356 dollars in the previous session, while the greenback bought 119.22 Japanese yen, higher than 119.13 yen of the previous session.

The technology sector led gains in the S&P 500's ten sectors as tech stocks such as Apple Jaleel Johnson Black Jersey , Microsoft and IBM advanced.

Microsoft shares rose 2.30 percent to 48.72 dollars apiece after Deutsche Bank upgraded the stock to "buy" from "hold," noting that "investor enthusiasm about Azure and Office 365 is just starting to kick in."

However, Cisco Systems Inc. fell 1.02 percent to 29.05 dollars a share Thursday even after reporting better-than-expected third quarter results for the period ending April 25, 2015. The tech giant announced its quarterly revenue of 12.1 billion dollars, net income on a generally accepted accounting principles basis of 2.4 billion dollars or 0.47 dollars per share.

The CBOE Volatility Index, often referred to as Wall Street's fear gauge, fell 7.41 percent to end at 12.74 Thursday.

In other markets Pat Elflein Black Jersey , oil prices dropped Thursday as worries persisted that global supply might surpass demand.

Light, sweet crude for June delivery lost 62 cents to settle at 59.88 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 22 cents to close at 66. 59 dollars a barrel.

Gold futures on the COMEX division of the New York Mercantile Exchange rose Thursday as a weaker U. S. dollar gave support to the precious metal.

The most active gold contract for June delivery added 7 dollars, or 0.57 percent, to settle at 1,225.20 dollars per ounce.

" Former tennis star Li Na speaks to the public during the Wuhan Open opening ceremony in China's Hubei province on September 27, 2015 (AFP PhotoFred Dufour)

Wuhan (China) (AFP) - Li Na's Grand Slam wins did miraculous things for tennis in China but a cultural shift away from central planning towards individual development is needed if the country is to emerge as a powerhouse Dalvin Cook Black Jersey , experts say.

Tangible evidence of tennis's growth in China comes in the form of the Wuhan Open's new, 15,000-seat stadium, opened by Li last month, which has a similar capacity to Wimbledon's Centre Court.

Steady crowds and the presence of 12 Chinese players in the women's top 200 -- behind only Russia, the United States and the Czech Republic -- also demonstrate tennis's upward trajectory.

Much of the growth is directly attributable to Li, Asia's first Grand Slam singles champion who won two major titles before she retired on the eve of last year's inaugural Wuhan Open.

But many observers believe China's next Grand Slam winner could be as many as 10 years away Brian O'Neill Black Jersey , with the dominance of the state-run sports system hampering players' development.

Simon Chadwick, professor of sport business strategy at Britain's Coventry University Business School, suggests China needs a cultural rethink which will not sit comfortably with the authorities.

""The factory-style government development of athletes may work in sports such as gymnastics, but tennis is different requiring a very clear and simple focus on individuals,"" Chadwick said.

""Unless China embraces this notion then one imagines that the country will find it difficult to enable the type of cultural change that is required to promote the sport's development.""

Li herself exemplifies the tensions that exist between China's government sports set-up and its ambitions to shine on the world stage.

Li, who at a young age was ordered to abandon badminton for tennis against her will, famously split from the state system to organise her own sponsorship and be coached by her husband.

It took years of difficulty and media sniping before she finally made it big late in her career Mike Hughes Black Jersey , becoming a superstar in her home country, complete with a bronze statue in her native Wuhan.

- Tennis with Chinese characteristics -

Jorge Salkeld, a Women's Tennis Association (WTA) board member and senior vice president at Octagon Tennis, the Wuhan Open's promoter for the tournament, said the ""Li Na factor"" has seen the popularity of tennis in China surge.

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#2 | RE: Caused by program munching among foo datum

09.10.2018 04:41

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