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CHTR Charter Communications Inc New

326.315
1.73 (0.53%)
Last Updated: 19:46:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
Charter Communications Inc New NASDAQ:CHTR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.73 0.53% 326.315 326.22 326.46 328.41 319.27 324.59 857,780 19:46:01

Dow Extends Gains After Crossing Milestone

26/01/2017 8:42pm

Dow Jones News


Charter Communications (NASDAQ:CHTR)
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From Jul 2019 to Jul 2024

Click Here for more Charter Communications Charts.
By Akane Otani and Georgi Kantchev 

The Dow Jones Industrial Average edged higher Thursday, extending gains after it closed above 20000 for the first time ever.

Moves in major indexes were muted, with the S&P 500 flipping between slight gains and losses for much of the day after indexes surged to a trifecta of records in the previous session. While shares of financial companies ticked higher, putting the Dow industrials on course to post a fresh closing high, declines in shares of health-care and tech companies kept other broad indexes under pressure.

The Dow industrials rose 38 points, or 0.2%, to 20106. The S&P 500 fell less than 0.1%, and the Nasdaq Composite was near unchanged.

Qualcomm shares fell 5.5% after the chip maker reported after the bell Wednesday that its net income -- dented by fees for alleged antitrust violations -- fell 54% in the latest quarter.

Meanwhile, Verizon shares lost 1.4% after The Wall Street Journal reported that the company is exploring a combination with Charter Communications. Shares of Charter jumped 6.7%.

Many investors say they remain optimistic but cautious about the path forward for U.S. stocks, as they weigh the potential benefits of regulatory rollbacks under President Donald Trump against the possibility of protectionist policies, which some have said could crimp corporate growth. Mr. Trump on Thursday sent Twitter messages putting pressure on Mexico to pay for a wall he wants built on the border.

The Mexican peso slid, with the dollar recently up 0.8% against the currency. Mexican President Enrique Peña Nieto canceled a planned meeting with Mr. Trump.

"This quarter is going to be bumpy," said Rick Anderson, chief investment officer of Chicago-based Hull Investments, who said his firm kept cash on the sidelines this week to guard against potential stock swings.

The dollar and government bonds rose, and gold, a haven asset, fell. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, was recently up 0.5%, coming off its second lowest close of the year. The yield on the 10-year U.S. Treasury note fell to 2.508% from 2.523% Wednesday, according to Tradeweb. Bond yields fall as prices rise.

Gold fell 0.7% to $1,189.50 an ounce, notching its third consecutive session of declines. Investor appetite for the metal -- which tends to rise when market uncertainty rises -- has diminished in recent sessions as risk assets like stocks have gained.

Elsewhere, the Stoxx Europe 600 gained 0.2%, helped by the tech and real-estate sectors. Japan's Nikkei Stock Average rose 1.8% and Hong Kong's Hang Seng Index advanced 1.4% -- its biggest one-day gain since Nov. 10.

Markets in China, South Korea, Taiwan and Vietnam will be closed Friday, with China closed through next Thursday, due to the Lunar New Year holiday.

Write to Akane Otani at akane.otani@wsj.com and Georgi Kantchev at georgi.kantchev@wsj.com

 

(END) Dow Jones Newswires

January 26, 2017 15:27 ET (20:27 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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