Stocks remain mostly positive in mid-day trading on Friday after moving to the upside earlier in the session. With the gains on the day, all three of the major averages have once again reached new record highs.
A long list of potential nominees for Secretary of State under President-elect Donald Trump has widened to include former Ford (F) CEO Alan Mulally. Trump senior adviser Kellyanne Conway revealed that Mulally is under consideration to be the nation's top diplomat in an interview on Fox News on Friday.
Extending the upward trend seen over the past several weeks, stocks have moved moderately higher in morning trading on Friday. The gains on the day have once again lifted all three of the major averages to new record highs.
While the Commerce Department released a report on Friday showing a drop in U.S. wholesale inventories in the month of October, the report also showed a sharp increase in wholesale sales during the month. The Commerce Department said wholesale inventories fell by 0.4 percent in October after inching up by 0.1 percent in September.
GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President.
Consumer sentiment in the U.S. has improved by much more than anticipated in the month of December, according to a report released by the University of Michigan on Friday. The University of Michigan said the preliminary reading on its consumer sentiment index for December came in at 98.0 compared to the final November reading of 93.8.
Super Mario Run, a new game that would offer augmented reality game experience on iPhones and androids will be launched soon. The video game developed by Nintendo will be available from December 15 on iOS and a few months later in Androids.
The new game will be side scrolling, and will work on auto runner platform. Mario, the video game character, is a jump man. It was created by Shigeru Miyamoto
EA Sports has honored a 15-year-old brain cancer survivor and FIFA fan by including him as a star in the latest FIFA 17 video game. The cancer survivor, Kenton Doust, is a Canadian and Vancouver Whitecaps "superfan." The teenager has survived three brain tumors.
Stocks may move to the upside in early trading on Friday, extending the upward trend seen over the past several weeks. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 30 points.
Free meals in coach might soon make a comeback on Delta Air Lines Inc. The Atlanta-based airline said it is testing complimentary meals in the main cabin on transcontinental flights between JFK International Airport in New York and Los Angeles International Airport or San Francisco International Airport.
Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
German exports recovered in October but the pace of growth was weaker-than-expected, resulting in a fall in trade surplus. Exports grew 0.5 percent in October from September, when shipments slid 1 percent, figures from Destatis revealed Friday. Nonetheless, the pace of growth was weaker than the expected 0.9 percent. Likewise, imports advanced 1.3 percent.
Air Canada plans to add three U.S. routes next year, to cities San Antonio, Memphis and Savannah, the airline announced. The company said it will launch six new non-stop U.S. services beginning Spring 2017.
Early indications suggest that Wall Street stocks may get off to a mixed start on Friday. The market is waiting for the consumer sentiment index that will tell whether improved spirits are extending into December. Asian stocks closed mostly higher, while European shares are broadly advancing.
European stocks traded mixed in opening deals on Friday, as gains among miners offset declines in the banking sector. With the ECB euphoria fading, investors now look ahead to next week's Fed meeting for clues into the potential pace of rate hikes in 2017.
The day's economic reports painted a mixed...