Wall Street to open higher on solid earnings, dollar drop

Wall Street to open higher on solid earnings, dollar drop

Wall Street to open higher on solid earnings, dollar drop

The dollar strengthened after Pres. Trump said Wednesday's comments from Treasury Secretary Mnuchin - who said he welcomed a weaker dollar - were taken out of context and clarified that his administration ultimately wants to see a stronger dollar. A stronger dollar can create a headwind for multinational companies doing business overseas but a firmer greenback also has been viewed as underlining a strong US economy.

Weakness in the dollar, which is supportive for large multinational companies, continued.

Biogen Inc (BIIB.O) surged 2.09 percent after the drugmaker reported fourth-quarter revenue that beat Wall Street estimates on higher sales of recently launched drug Spinraza.

Mourners Say Final Goodbye to Cranberries Singer Dolores O'Riordan
Coroner's officer Stephen Earl said O'Riordan was found unresponsive in her hotel room at the Hilton hotel in Westminster, London. Meanwhile, fans have propelled " Linger " (No. 11), " Zombie " (16) and " Dreams " (24) back in to the Irish Top 40.

S&P 500 e-minis were up 9.75 points, or 0.34 percent, with 163,684 contracts traded. Company earnings announcements over the last several days have signaled higher profits ahead, further cheering investors.

Wall Street stocks were in full-throttle rally mode Friday, with all three major indices surging to records following strong earnings reports from Intel and other companies. But the market's relentless rise over the past year has some investors anxious about a correction. "It's a good harbinger for overall economic activity". "It's scary. The correction is going to be cruel, cold and brutal when it happens", said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa. Economists expected an increase of 0.8 percent.

Shortly after the opening bell, the Dow Jones Industrial Average added 112.60 points, or 0.43 per cent, to 26,364.72, reports Xinhua.

Cristiano Ronaldo, Gareth Bale score twice in Real Madrid rout of Depor
His performance in that game was clouded by boos from the Parc des Princes crowd when he stepped up to take a penalty to score his fourth goal.

For the week, the Dow rose 2.08 percent, the S&P 500 gained 2.22 per cent and the Nasdaq advanced 2.31 per cent.

The Dow Jones industrial average added 52 points, or 0.2 percent, to 26,440.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.33 percent at 89.1 and on track for a weekly fall of 1.6 percent. Its bottom line was hurt by rising commodity costs and unfavorable currency exchange rates, and Ford said it expected more pain to come from higher raw material prices in 2018.

Trump Administration Set to Ban Haitian Immigrants After Racist 'Sh*thole' Slur
When he was approached by PTP to participate in the program, he agreed. 'That was one of my biggest concerns, ' he said. She says work obtained with those visas helped support many families in the US and in Haiti.

Earnings news may continue to attract attention on Friday, with Intel (INTC), Starbucks (SBUX), E*Trade (ETFC), and Western Digital (WDC) among the companies releasing their quarterly results after the close of today's trading.

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