(For a live blog on the U.S. stock market, click
LIVE/or type LIVE/ in a news window.) * Caterpillar, Boeing lift trade-sensitive industrials * Seven of the major S&P sectors gain over 1 pct * Financials rise along with bond yields * EA up as new game continues to gain traction * Indexes up: Dow 1.11 pct, S&P 1.09 pct, Nasdaq 1.32 pct (Changes comment, adds details) By Amy Caren Daniel Feb 12 (Reuters) - Wall Street's main indexes rose over 1 percent on Tuesday, in a broad-based rally fueled by a tentative deal reached by American lawmakers to avoid another partial government shutdown and hopes that the U.S.-China trade talks could result in an agreement. It was unclear, however, if President Donald Trump would accept the deal as congressional aides said it did not contain the $5.7 billion he wants for a border wall. urn:newsml:reuters.com:*:nL1N2060IA"Even though Trump hasn't settled on a deal, the way investors are looking at it is that this is more positive than what we had on Monday," said Randy Hare, director of equity research at Huntington Private Bank in Cincinnati, Ohio. "The news on trade right now may not be as strong but it is still being viewed as a positive." Trade talks resumed on Monday and U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in Beijing on Tuesday, ahead of high-level talks scheduled later this week. urn:newsml:reuters.com:*:nL3N2072YKThe world's two biggest economies are seeking to strike a deal before a March 1 deadline, when additional U.S. tariffs on Chinese imports will come into force. Trade-sensitive industrials .SPLRCIclimbed 1.3 percent, boosted by Boeing Inc BA.N, Caterpillar Inc CAT.Nand 3M Co MMM.N. Chipmakers, which depend on China for a huge chunk of their revenue, also rose and pushed the Philadelphia chip index .SOX1.86 percent higher. The broader technology sector .SPLRCTrose 1.19 percent, lifted by gains in Apple Inc AAPL.O, Microsoft Corp MSFT.Oand Intel Corp INTC.O. The S&P 500 index .SPXis just about 7 percent away from its Sept. 20 record closing high, driven by optimism on trade, a largely upbeat fourth-quarter earnings season and a dovish Federal Reserve. About 71 percent of the S&P companies that have posted earnings have topped expectations, according to IBES data from Refinitiv. But analysts' estimates for first-quarter earnings have turned negative for the first time since 2016. urn:newsml:reuters.com:*:nL1N2060OMAt 11:06 a.m. ET, the Dow Jones Industrial Average .DJIwas up 278.90 points, or 1.11 percent, at 25,332.01. The S&P 500 .SPXwas up 29.53 points, or 1.09 percent, at 2,739.33 and the Nasdaq Composite .IXICwas up 96.78 points, or 1.32 percent, at 7,404.68. Seven of the 10 major sectors trading higher posted gains of more than 1 percent, with the financial group's .SPSY1.49 percent rise the steepest, supported by higher bond yields. Only the real estate .SPLRCRsector was trading lower. Cosmetics maker Coty Inc COTY.Nsurged 14.4 percent, the most on the S&P, after German conglomerate JAB Holding Co said it planned to hike its stake. urn:newsml:reuters.com:*:nL3N2073VKElectronic Arts Inc EA.Ojumped 3.4 percent after the videogame maker's newly launched battle royale game gained traction. Rival Take-Two TTWO.Olost 5.2 percent following a downgrade by a 5-star analyst. Advancing issues outnumbered decliners by a 3.63-to-1 ratio on the NYSE and by a 3.56-to-1 ratio on the Nasdaq. The S&P index recorded 31 new 52-week highs and one new low, while the Nasdaq recorded 56 new highs and seven new lows. (Reporting by Amy Caren Daniel and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila) ((Amy.CarenDaniel@thomsonreuters.com ; within U.S. +1-646-223-8780; outside U.S. +91 80 6749 9250 ; Reuters Messaging: Amy.CarenDaniel.firstname.lastname@example.org))
This stream of information is provided by a third party company, Reuters, which is independent of Davy. Davy does not control the flow of articles in the stream and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. The information is never a recommendation and does not constitute investment advice.
Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.