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Dow futures leap 115 points on Caterpillar earnings

Dow futures leap 115 points on Caterpillar earnings

Strong earnings from Intel and other companies drove Wall Street indexes to record closing highs on Friday, while the U.S. dollar remained weak after recent comments by the U.S. Treasury secretary. Shares of 3M gained 2.5 percent.

The Standard & Poor's 500 index rose 9 points, or 0.3 percent, to 2,848. It measures the daily stock price movements of 30 large, publicly-owned US companies.

Futures for the Dow Jones Industrial Average were up 54 points, or 0.2%, at 26,430, S&P 500 futures were up 0.3% at 2,850, while futures for the Nasdaq-100 were showing a gain of 0.5% at 6,966.25. Fourth-quarter gross domestic product was up 2.6 percent, falling below expectations but strong enough to stave off concerns that the US economy was starting to stumble as it headed into the new year.

As of Thursday, 77 per cent of the S&P 500 companies that had reported surpassed earnings expectations, while 79 per cent of those companies had beaten sales estimates, according to U.S. financial information company FactSet.

The S&P 500 jumped 1.2 percent, its biggest daily percentage gain since March 1.

Tesla's Autopilot Blamed For Freeway Accident
Lights on the vehicles were also flashing. "All you will need to do is get in and tell your auto where to go", the company states. But the thing was flying along at 65 miles-per-hour and the crash scared the heck out of the men and women assigned to Engine 42.

Bikram hot yoga not better than regular yoga says a study
Unsurprisingly, the group who remained sedentary saw no change in their vascular health. One of the yoga groups exercised in a room heated to 40.5 C, the other at 23 C.

Extreme weather most prominent risk, says WEF
Before 2010, environmental risks didn't register in the top five concerns at all. Roughly 80 percent except an increase in the risk of war.

Also lifting the index were gains in Pfizer, up 4.78 per cent after a European regulator recommended granting marketing approval to a diabetes drug developed by the company and Merck, up 1.21 percent.

The Nasdaq composite slipped 3.89 points to 7,411.16.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.67 percent.

Enbridge Inc. lost 1.1 per cent to $47.05, while TransCanada Corp. fell 0.8 per cent to $57.24. On Thursday, the contract climbed to as high as $71.28, its highest since 2014.

Canada's main stock index rose on Friday, led by shares in Bombardier, which closed up 15 per cent after it won an unexpected trade victory against USA planemaker Boeing Co.

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