Page 25 - ARUBA TODAY

BUSINESS Friday 23 February 2018
A25

Industrials companies drive US stock indexes mostly higher

week. Bond prices rose.
The yield on the 10-year
Treasury fell to 2.92 percent
from a day earlier, when it Divi Village
climbed to 2.95 percent, Studio week 5 and 6
the highest level since Jan- room#8203
uary 2014. Wednesday's Studio week 7 room#7104
spike in bond yields came 17 weeks remain 8 acclerated
after the Federal Reserve's $7000 each
minutes from its January Call:6301307
policy meeting showed johnnypaesch@gmail.com
bullish sentiment among ________________________________209166
policymakers, confirming
their intention to raise inter- Aruba Divi Phoenix
est rates this year. studio week 7 room #1103
Higher yields generally hurt $9000
stock prices by making 18 weeks remain 10 accelerated
bonds more appealing to Studio Week 8 room #1404
investors. They also make it $8500
more expensive for people 26 weeks remain 10 acclerated
and companies to borrow Call:630-1307
money. Earlier this month, johnnypaesch@gmail.com
global stock markets, par- _______________________________209166
U.S. Olympic Men's luge competition silver medalist Chris Mazdzer, third from left, shows of his ticularly those in the U.S.,
medal and is applauded as he rings the New York Stock Exchange opening bell Thursday, Feb. suffered big losses amid Tropicana Resorts
22, 2018. Joining Mazdzer are his sister Sara Mazdzer, Brad Johnson, vice president of Norton Saint- 1 Br wk 5,6,7,8
Gobain, second left, and NYSE Global Head of Listings John Tuttle, right. mounting concerns over room #1510 Ground floor in
(AP Photo/Richard Drew) the pace of inflation and front of the Pool
Fed policy tightening. Price: $7,500 each
By ALEX VEIGA short-term kind of basis," points, or 0.1 percent, to “Volatility is back, and I ac- Call: 630-1307
AP Business Writer said Erik Wytenus, global 7,210.09. The Russell 2000 tually would argue that it’s johnnypaesch@gmail.com
U.S. stocks closed mostly investment specialist, J.P. index of smaller-company a healthier state of affairs,” ________________________________209166
higher Thursday after a Morgan Private Bank. "That stocks gave up 1.85 points, Wytenus said. “The con- Tropicana Resort and Casino
late-afternoon wave of big, nasty intraday reversal or 0.1 percent, to 1,529.99. stant melt-up that we saw 1 br WK 7 room #5559
selling erased much of a yesterday was probably a The stock indexes are on in 2017 is actually quite his- 1 br WK 8 room #1537
midday rally. Gains in in- little bit excessive." track to close lower for the torically abnormal.”q Price : $8000 each
dustrial companies and The Standard & Poor's 500 Divi Links Golf
other sectors outweighed index rose 2.63 points, or 0.1 1br week 8&9 room #4229
losses in banks and health percent, to 2,703.96. The 28 weeks remain $8,500 each
care stocks. Energy com- Dow Jones industrial aver- Call:630-1307
panies also rose after crude age gained 164.70 points, johnnypaesch@gmail.com
oil prices recovered from or 0.7 percent, to 24,962.48.
an early slide. Bond yields The 30-company average ________________________________209166
Aruba Divi Phoenix
declined after spiking to was up briefly by more 1 br wk 10 and 11
four-year highs a day ear- than 350 points. The Dow room # 844 35/10 accelerated
lier amid rekindled fears of and the S&P 500 snapped in the summer pool/ocean view
higher inflation and inter- a two-day losing streak. $35,000 both
est rates. "The yields easing The Nasdaq had been Call: 630-1307
back a little bit is probably up much of the day, but johnnypaesch@gmail.com
reassuring people on a very closed lower. It fell 8.14
________________________________209166