Page 25 - ARUBA TODAY

BUSINESS Friday 16 February 2018
A25

US stocks keep gaining as tech, industrial companies rise

$11.61, or 3.4 percent, to “buying on the dips” for just two days, and gained it
$356.46 and elevator and years. The last significant back almost as quickly.
jet engine maker United drop in the market prior to Trading volumes have re-
Technologies gained $4, or this month came in June turned to more typical lev-
3.2 percent, to $130. 2016, after the United King- els this week. They spiked in
The market’s recent moves dom voted to leave the Eu- the first two weeks of Feb-
might look familiar be- ropean Union. The S&P 500 ruary as stock indexes took
cause investors have been fell more than 5 percent in some wild swings. q

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(AP Photo/Richard Drew) Studio Wk 9 room #652
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By MARLEY JAY BlackRock's chief invest- Call :630-1307
NEW YORK (AP) — Technol- ment officer of global fixed johnnypaesch@gmail.com
ogy companies climbed income. Rieder noted that
Thursday as stocks rose inflation remains low, and Aruba Marriott Renaissance
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Tech bellwether Cisco Sys- morning, the Standard & johnnypaesch@gmail.com
tems jumped after it posted Poor's 500 index rallied and
strong quarterly results and rose 32.57 points, or 1.2 _______________________________209502
announced a big stock re- percent, to 2,731.20. The Divi Links Golf
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after an analyst said sales age rose 306.88 points, or Studio WK 11 room #2302
of the iPhone X in China are 1.2 percent, to 25,200.37. 27 weeks remain 10
improving. Most other parts The Nasdaq composite accelerated
of the market climbed as climbed 112.81 points, or 1br WK 12 room #2303
well, with notable gains for 1.6 percent, to 7,256.43. 27 weeks remain 10 accelerated
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Energy companies contin- 15.10 points, or 1 percent, From Eagle Beach and Palm johnnypaesch@gmail.com
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tion." Concerns about rising of its own stock. It climbed Call:630-1307 Call;630-1307
inflation contributed to the $1.99, or 4.7 percent, to johnnypaesch@gmail.com johnnypaesch@gmail.com
fall, but even though inves- $44.08. Apple rose $5.62, or _________________________________209502 _______________________________209502
tors have seen more signs 3.4 percent, to $172.99 af-
of inflation in the last few ter an analyst for Morgan
days, major indexes are on Stanley said the iPhone X
a five-day winning streak is gaining market share in
and have recouped about China, a critical market for
half of their recent losses. Apple’s products. Microsoft
"The market should nev- jumped $1.85, or 2 percent,
er have gone down 10.5 to $92.66. Among industrial
percent," said Rick Rieder, companies, Boeing jumped