MARKET REPORT: US Stocks: S&P 500 hits new all-time high as energy stocks rally 2%, as earlier Dow up 52, Nasdaq 23 and S&P500 nearly 10 points as investors added to a post-election advance spurred by speculation the incoming administration’s policies will incite brisker economic growth – @AceFinanceNews

#AceFinanceNews – Nov.21: US stocks open higher as #oil prices jump 2%; Dow up 52 points, NASDAQ up 23, S&P 500 up nearly 10 – CNBC – http://cnb.cx/2fxxtOM

US markets (open): DJIA 18898.68 (+30.75), S&P 500 2186.43 (+4.53), NASDAQ 5336.78 (+15.27), NYSE 10709.51image

U.S. stocks rose, pushing the S&P 500 Index to an all-time high on a closing basis, as investors added to a post-election advance spurred by speculation the incoming administration’s policies will incite brisker economic growth.
The S&P 500 rose 0.4 to 2,190.84 at 9:34 a.m. in New York, surpassing the Aug. 15 closing high of 2,190.15. The intraday record sits above 2,193. The Dow Jones Industrial Average advanced 46.92 points to 18,914.85 to an all-time high. The Russell 2000 Index rose for a 12th day in its longest rally since 2003.

The new milestone for the S&P 500 arrived as companies ended a five-quarter profit slump and Donald Trump’s election fueled optimism that his plans to cut taxes and boost fiscal spending will benefit industries more geared toward economic growth. Acknowledging the strength in the economy, Federal Reserve Chair Janet Yellen said Thursday that the central bank is close to lifting interest rates, comments that sent Treasuries lower and yields on the 10-year note toward 2.25 percent.

“There’s optimism that it’s more likely that Trump is going to put us on an economic fast track versus Clinton,” said Terry Morris, manager director of equities at BB&T Institutional Investment Advisors in Wyomissing, Pennsylvania. “The election had something to do with this, and I also think there’s some short covering going on. People that were hedging the election had to rush to cover after the news, and I think generally the perception is the economy is starting to pick up as the Fed is likely to raise rates in December.”

Investors have boosted bets for tighter monetary policy since Donald Trump’s election win, on speculation his policies will spur growth and increase inflation. After Federal Reserve Chair Janet Yellen said last week the central bank is close to raising rates, traders are now pricing in a 98 percent chance of a move in December. If the Fed doesn’t act as expected, it may bring on more market turmoil, says Seven Investment Management’s Ben Kumar.

Most-hated stocks are among the biggest winners since Trump’s victory. A Goldman Sachs Group Inc. basket of 50 companies that have the highest short interest in the Russell 3000 Index climbed 9.7 percent through Friday since Nov. 8, four times the gain in the broad market measure.m

Energy shares rallied Monday, following crude higher, after Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet next week. Chesapeake Energy Corp. and Murphy Oil Corp. led gains.

S&P 500 hits new all-time high as energy stocks rally 2%

U.S. equities traded higher as oil prices rose on renewed optimism that OPEC was closing in on a deal to cut production – CNBC – http://cnb.cx/2gCrE7H

EDITOR NOTES: Please share and comment on this with consideration for others please …

Advertisements

IRAQ: Minister wants to increase #Oil and #Gas production but OPEC wants cutbacks to keep Crude #Oil prices above $50 per barrel and keep the Saudis revenue rising and the US petro-dollar in charge – @AceFinanceNews

#AceFinanceNews – Oct.09: Iraq’s oil minister wants country to increase output in 2017

Iraq’s oil minister has urged oil and natural gas producers operating in the country to continue increasing output next year, the oil ministry said in a statement on Sunday…..

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News

#oil

MINNESOTA: Controversial Sandpiper #oil pipeline is suspending its plans for the project.Enbridge Energy Partners asked regulators late Thursday to stop their consideration of the pipeline, the Minneapolis Star Tribune – @AceFinanceNews

#AceFinanceNews – Sept.05: Another oil pipeline is dead, raising the stakes for Dakota Access.

Enbridge announced Thursday it will no longer pursue its Sandpiper pipeline, which would have run through parts of North Dakota, Minnesota, and Wisconsin.

Enbridge will instead focus on its investment in the Dakota Access pipeline, a battle that’s kept Native American tribes and other activist groups occupied for weeks.

The decision gives both sides a renewed stake in getting their way on Dakota Access.

The more companies you have pushing on that the harder it is to push back,” said Catherine Collentine, a Sierra Club campaigner working against both projects. “There’s a huge concern that their support on Dakota Access is going to help move the project forward, help give it legs to stand on.

And residents who live along the Sandpiper’s proposed route in northern Minnesota — which would have coursed near the Mississippi’s headwaters, Native American wild rice land, and Lake Superior — aren’t completely in the clear yet, either. Enbridge still has plans for another pipeline, the creatively named Line 3, that’s currently on hiatus. It would run parallel to Sandpiper’s route through the same midwestern wilderness.

Apparently Enbridge hasn’t wised up to how serious Minnesotans are about their lakes and wild rice.

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News

#oil

#G20 The world’s two largest oil producers, Russia and Saudi Arabia, on Monday agreed to act together to stabilize global #oil output – @AceFinanceNews

#AceFinanceNews – Sept.05: This is a report from our breaking news earlier
https://acebreakingnews.wordpress.com/2016/09/05/breaking144-saudiarabia-russia-energy-ministers-announce-mou-signed-at-g20summit-on-oil-market-saudi-gazette-acebreakingnews
After months of price volatility in the #oil markets today Saudi Arabia, Russia sign strategic oil pact
Author:
ARAB NEWS

Mon, 2016-09-05
ID:
1473073652371895100

HANGZHOU: The world’s two largest oil producers, Russia and Saudi Arabia, on Monday agreed to act together to stabilize global oil output.

Energy ministers Alexander Novak and Minister Khalid Al-Falih met Monday on the sidelines of the Group of 20 nations’ summit in China. A joint statement released by Russia said both ministers “recognized the need to restrain an excessive volatility of the oil market” and agreed to act together “in order to stabilize the oil market.”

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News

#g20https

MARKETS: European stocks stocks open lower moderate,crude #oil prices moderate, China closes flat and Asia stocks down as investors await next weeks US Fed Report speech – @AceFinanceNews

#AceFinanceNews – Aug.19: Today’s markets on Friday including overnight are as follows:

European stocks open lower as crude #oil prices moderate from nearing 8-week highs earlier in day; STOXX 600 down about 0.6% – CNBC – http://cnb.cx/2bhQTIv

China’s CSI 300 stock index closes flat Friday, gains 2.1% for week – Reuters – http://reut.rs/2bhPL7G

Most Asian stocks down as investors await next week’s Federal Reserve chief speech; Nikkei225 down 0.07%, SSE Composite down 0.45%, Hang Seng down 0.31%, KOSPI down 0.14%, ASX200 up 0.27% – AP, Google Finance
http://abcn.ws/2bxF3Y2

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News

#Oil and gas production company Rincon Island LP files for bankruptcy protection to block California from forcing it to perform remediation on its wells amid environmental concerns – Wall Street Journal – @AceFinanceNews

#AceFinanceNews – Aug.10: #Oil and gas production company Rincon Island LP files for bankruptcy protection to block California from forcing it to perform remediation on its wells amid environmental concerns – Wall Street Journal

http://on.wsj.com/2aWJP0H

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News

MARKETS: #Oil prices extended their losses for the fifth straight day on Wednesday, the longest losing streak since February – @AceFinanceNews

#AceFinanceNews – June.15: Oil down on Brexit worry and ahead of U.S. inventory data

Oil prices extended their losses for the fifth straight day on Wednesday, the longest losing streak since February, on fears of a dollar rally if Britain leaves the European Union and ahead of the release of U.S. crude inventory data….

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

Thanks for following as always appreciate every like, mention , reblog or #tweet also our Our daily newspaper is added with all our posts daily:

Breaking News As It Happens When It Happens Daily & News Wire Reports Finance & Markets B4 It Happens Social & Media Food & Health History & Research Britain & History ScotlandFriends & Followers Sales & Authors#Tweet Your News Here PC-Help & Repair Featured Writers NewsroomChat & Bloggers News Shop & ShareHealthcare Sport & Reports Press Releases & Reports – ….. more to come.

@AceNewsServices

AceTweetMyNews :#Tweet this Daily Post & #Tweet Breaking News Here

#oil

#AceFinanceNews – #Oil prices fall as Canadian wildfires have knocked out over one million barrels worth of daily crude capacity – Reuters – @AceFinanceNews

#AceFinanceNews – May.11: Oil prices fall as Canadian wildfires have knocked out over one million barrels worth of daily crude capacity

#Oil prices fall as Canadian wildfires have knocked out over one million barrels worth of daily crude capacity – Reuters

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

Thanks for following as always appreciate every like, mention , reblog or #tweet also our newspaper is added with all our posts daily:

BreakingMain NewsFinanceWorldSocialFoodHistoryBritainScotlandFriendsAuthors#TweetPC-HelpNewsroomChatShop & ShareDisability — more to come.

@AceNewsServices

AceTweetNews : Main & Breaking Here

#AceFinanceNews – Price of crude oil drops 5% after #oil producer meeting fails to agree production cap – MarketWatch – @AceFinanceNews

#AceFinanceNews – April.18: Crude-#oil prices on Monday fall but trade off the day’s lowest levels after key producers failed to agree on a production cap that could have tightened up supply.

Original Article: http://www.marketwatch.com/story/oil-prices-set-to-plunge-in-wake-of-failed-doha-deal-2016-04-17

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

Thanks for following as always appreciate every like, mention , reblog or #tweet also our newspaper is added with all our posts daily:

BreakingMain NewsFinanceWorldSocialFoodHistoryBritainScotlandFriendsAuthors#TweetPC-HelpNewsroomChatShop & ShareDisability — more to come.

@AceNewsServices

AceTweetNews : Main & Breaking Here

#oil

#AceFinanceNews – Iran will not attend Doha #oil freeze talks on Sunday, sources say – Reuters – @AceFinanceNews

#AceFinanceNews – April.16: Iran will not attend Doha #oil freeze talks on Sunday, sources say – Reuters

Original Article: http://www.cnbc.com/2016/04/16/reuters-america-iran-will-not-attend-doha-oil-freeze-talks-on-sunday-sources.html

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

Thanks for following as always appreciate every like, mention , reblog or #tweet also our newspaper is added with all our posts daily:

BreakingMain NewsFinanceWorldSocialFoodHistoryBritainScotlandFriendsAuthors#TweetPC-HelpNewsroomChatShop & ShareDisability — more to come.

@AceNewsServices

AceTweetNews : Main & Breaking Here