EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
Bridging The Gap
US stocks continue recoveryv
  Friday 19 May, 2017
US stocks continue recoveryv

Shares in US machinery-maker Deere & Co rose 7% after it forecast strong sales, helped by demand for tractors in South America.

The rosy outlook was part of an upbeat start to trading on Friday, as US stocks opened higher after ceding ground earlier in the week.

The S&P 500 was up 0.5%, topping 2,376, while the Dow Jones climbed 0.3% to 20,732.02

The Nasdaq gained 0.4% in early trade, hovering above 6,079.

Deere & Co's shares rose after it released results for the three months to April. Net sales in the quarter were $5.8bn, up 1% from the same period a year ago.

But the firm forecast an 9% rise in sales for the financial year, powered in part by a 20% rise in sales of farm machinery in South America.

The firm was less optimistic about gains in US and Canada, citing low crop prices that are depressing demand for agriculture equipment.

Shares in Campbell Soup fell 2% after the food company posted disappointing quarterly results and said its full-year sales could fall.

Separately, the president of the St. Louis branch of the Federal Reserve, James Bullard, said inflation in recent months had been limited, and may warrant fewer interest rate increases this year than expected.

In a speech, Mr Bullard - a non-voting member of the federal open markets committee this year - called the policy path "overly aggressive relative to actual incoming data".

Source: http://www.bbc.com/news/business-39979169

Bookmark and Share
Post Your Comments:
Name :
City / State:
Email address:
Type your comments:
Enter Security Code:   

 Your Comments

 ,New York  Date:Sunday 21 May, 2017

 ,New York  Date:Sunday 21 May, 2017

 ,New York  Date:Sunday 21 May, 2017

 Latest News »
  Trump takes executive action t...
  'No child, no teacher should e...
  First Trump State of the Union...
  Trump State of the Union addre...
  'America First policy is not A...
  In bid to save manufacturing j...
  Social security benefits? Pass...
  In extraordinary public negoti...
  Trump: My nuclear button is 'm...
  Trump rings in new year at gli...
  Trump declares victory as tax ...
  Trump recognizes Jerusalem as ...
  Trump-Russia: Flynn's dealings...
  Trump private charity received...
  Trump declares North Korea a s...
  Republican tax overhaul clears...
  Trump says he believes intelli...
  Trump cracks down on U.S. busi...
  Trump wings way to Asia to tal...
  Trump tweets condolences in NY...

Current Conditions:

Current Conditions:

Fri - Showers. High: 51Low: 41
Sat - Scattered Showers. High: 60Low: 52
Sun - Scattered Showers. High: 70Low: 53
Mon - Mostly Cloudy. High: 57Low: 47
Tue - Sunny. High: 58Low: 39

Full Forecast at Yahoo! Weather

Washington, DC

  2010 The Capital Post. All rights reserved.