Dow threatens 7-day losing streak; tech rally sends Nasdaq to a record

U.S. equity benchmarks mostly rose in afternoon trading on Wednesday, though the Dow threatened to extend its recent losing streak to a seventh straight session, while gains in technology stocks helped to lift the broader market.

The Dow Jones Industrial Average fell 18 points, or 0.1%, to 24,683, erasing an early advance. The blue-chip average is coming off six straight daily drops, its longest such streak since March 2017. Were the Dow to extend that stretch to seven, it would still represent the longest since that month.

The S&P 500 index however, added 9 points, or 0.3%, to 2,771. The Nasdaq Composite Index was up 69 points to 7,795, a gain of 0.9% that took it to a record.

The Russell 2000 index of small-capitalization stocks rose 0.7% and hit an all-time high. The Russell has outperformed other indexes of late, in part due to the higher domestic focus of its components, which insulates it from trade uncertainty.

Source: Marketwatch

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Sumber : bpfnews.com

U.S. stocks open higher; Dow aims to snap 6-day losing streak

U.S. stock-market indexes opened higher on Wednesday, attempting to recoup some of the losses from several days of selling, which was primarily driven by fears over trade issues.

The S&P 500 rose 8 points, or 0.3%, to 2,770. The Dow Jones Industrial Average advanced 77 points, or 0.3%, to 24,777, rising after six days of declines. The Nasdaq Composite Index gained 40 points, or 0.5%, to 7,766 at the open.

Among the biggest gainers on the S&P 500, Twenty-First Century Fox, Inc soared nearly 7% after Walt Disney raised its offer to purchase most of the company.

Source: Marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

US Patent and Trademark Office Issues 10-Millionth Patent

The 10 millionth patent has been issued in the United States, almost 228 years after President George Washington signed the first one.

The United States Patent and Trademark Office issued the newest patent Tuesday to the Raytheon Company, a defense contractor. Raytheon received the patent based on an invention by Joseph Marron, who works for the firm as an optical engineer.

Marron created a system, known as LADAR, which improves laser detection and ranging. Patent officials say it has applications in areas that include autonomous vehicles, medical imaging devices, military defense systems and space and undersea exploration. Raytheon says the concept involves delivering real time data from a laser radar.

Among the 10 million patents are inventions by Thomas Edison, Henry Ford and Apple founder Steve Jobs. For every well-known inventor, however, there are many other, less recognizable individuals whose innovative products have greatly affected our world.

On July 31, 1790, President Washington signed the first patent. The patent office said the document was issued for “a process of making potash, an ingredient used in fertilizer.”

Source: voanews


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