LIVE MARKETS U.S.-Wall St gains on stimulus hopes, earnings, M&A
LIVE MARKETS U.S.-Wall St gains on stimulus hopes, earnings, M&A
* U.S. equities gain ground with Nasdaq out front
* Upbeat quarterly earnings, coronavirus relief hopes underpin
* Dollar, crude up; gold down; US 10-Yr T-Nt yield ~0.56%
NEW YORK, Aug 3 (Reuters) - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Sinéad Carew. Reach her on Messenger to share your thoughts on market moves: sinead.carew.thomsonreuters.com@reuters.net
WALL ST GAINS ON STIMULUS HOPES, EARNINGS, M&A (1014 EDT/ 1414 GMT)
Wall Street's three major indexes are gaining ground on Monday as investors appear to be focusing on better than expected earnings reports, merger news and hopes for a government stimulus package after the expiration of enhanced unemployment benefits.
Many strategists have said they are worried that a dip in consumer spending, resulting from reduced benefits, would put renewed pressure the economy, which has struggled due the coronavirus pandemic.
Congressional Democrats and Trump administration officials face increasing pressure to come up with an agreement on coronavirus aid legislation after missing Friday's deadline to extend relief to tens of millions of jobless Americans.
Both sides are due to resume talks aimed at breaking the deadlock, after reporting progress over the weekend, but remaining far apart, with top Republican lawmakers on the sidelines.
"Even though it feels like a ways to go on negotiations there seems to be some progress. That adds a little procyclical tilt to today's trading," said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta. "As long as talks don't break down the market will assume something will get passed."
Buchanan also said the announcement of some big M&A deals showed confidence by big companies.
Marathon Petroleum announced it would sell its Speedway gas stations network to 7-Eleven's Japanese owner Seven & I for $21 bln in an all cash deal.
Also German health group Siemens Healthineers said on Sunday it was buying Varian Medical Systems Inc for $16.4 billion as it seeks to lead in cancer care solutions.
Of the S&P's 11 major sectors, technology is the clear leader on Monday with a gain of more than 2%.
Here is your morning snapshot:
(Sinéad Carew)
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NASDAQ COMPOSITE: FACING ANOTHER WATERLOO? (0903 EDT/1303 GMT)
The Nasdaq Composite's recent advance to new highs has been spearheaded by a small number of mega-caps, or "generals." However, a look behind the lines reveals that the great mass of "troops" have been far less brave. (Click on chart below)
Despite the Composite's new highs in June and July, the Nasdaq daily Advance/Decline (A/D) line , or a cumulative measure of net advancing stocks in the index, is lagging. Of note, Nasdaq A/D line divergence preceded the market's February/March swoon.
Indeed, the Nasdaq A/D line peaked on January 16, and then diverged into the Composite's February high. During that period, Apple , Microsoft , Amazon.com , Alphabet and Facebook , or the Nasdaq's generals, on average, gained around 7%, while the Composite only advanced about 5%.
On June 8, when the Composite finally closed at a new high, the A/D line ended well below its early 2020 peaks. And despite fresh IXIC highs since then, the breadth measure has been unable to surpass those prior highs, and, in fact, it ended Friday at a 2-week low.
Meanwhile, the recent performance disparity between the Nasdaq's generals and the index has been even more glaring. Since June 8, the average gain in these titans is about 15%, or nearly double the IXIC's 8% rise over this period.
Thus, unless a greater number of the Nasdaq's troops participate in the Composite's advance, the index may be facing another waterloo.
(Terence Gabriel)
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IXIC08032020
Wall Street gains with tech in the lead
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(Terence Gabriel is a Reuters market analyst. The views
expressed are his own)
((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net)
*美國股市上漲，納斯達克走在前列
*樂觀的季度收益，冠狀病毒緩解的希望支撐
*美元，原油上漲；黃金下跌；美國10年期國債收益率~0.56%
路透紐約8月3日電-歡迎來到路透社股票記者為您帶來的美國股市實時報道之家，今天由Sinéad Carew主持.通過Messenger聯繫她，分享你對市場走勢的看法：sinead.care w.thomsonreurs.com@reurs.net
華爾街因刺激希望、收益、併購而上漲(美國東部時間1014/格林威治時間1414)
華爾街三大股指週一上漲，投資者似乎將注意力集中在好於預期的收益報告、合併消息以及對政府在強化失業救濟金到期後出臺刺激計劃的希望上。
許多策略師表示，他們擔心，由於福利減少而導致的消費者支出下降，將給經濟帶來新的壓力。由於冠狀病毒大流行，經濟一直舉步維艱。
國會民主黨人和特朗普政府官員面臨越來越大的壓力，要求他們就冠狀病毒援助立法達成協議，此前他們錯過了週五向數千萬失業美國人提供救濟的最後期限。
雙方將恢復旨在打破僵局的談判，此前雙方在週末報告了進展，但仍存在很大分歧，共和黨高級議員在場邊觀望。
全球投資公司(Globalt Investments)駐亞特蘭大投資組合經理基思·布坎南(Keith Buchanan)表示：“儘管這感覺像是一種繼續談判的方式，但似乎取得了一些進展。這給今天的交易增加了一點順週期的傾斜。”“只要談判不破裂，市場就會認為會有什麼事情獲得通過。”
布坎南還表示，一些大型併購交易的宣佈顯示了大公司的信心。
馬拉鬆石油公司宣佈，將以210億美元的全現金交易，將其Speedway加油站網絡出售給7-Eleven的日本所有者Seven&I。
同樣，德國健康集團西門子醫療集團週日表示，將以164億美元收購瓦里安醫療系統公司，以尋求在癌症護理解決方案方面的領先地位。
在標普11大類股中，科技股是週一漲幅超過2%的明顯領頭羊。
以下是您的早間快照：
(西亞德·卡魯)
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納斯達克綜合：面臨另一場滑鐵盧？(美國東部時間0903GMT/1303GMT)
納斯達克綜合指數最近創下新高，是由少數大盤股帶頭的。然而，看一看防線後面的情況，我們就會發現，大批“軍隊”遠沒有那麼勇敢。(點擊下面的圖表)
儘管上證綜指在6月和7月創下新高，但納斯達克每日上漲/下跌(A/D)線，即衡量該指數中淨上漲個股的累積指標，正在落後。值得注意的是，納斯達克A/D線的背離出現在市場2/3月的低迷之前。
事實上，納斯達克的A/D線在1月16日達到峯值，然後偏離到上證綜指2月份的高點。在此期間，蘋果、微軟、亞馬遜、Alphabet和臉書，或納斯達克的將軍們，平均上漲了約7%，而綜合指數僅上漲了約5%。
6月8日，當上證綜指最終收於新高時，A/D線收盤時遠低於2020年初的峯值。儘管指數自那以來創下新高，但廣度指標一直無法超過之前的高點，事實上，上週五收盤時跌至兩週低點。
與此同時，納斯達克成分股近期的表現與上證綜指之間的差距更加明顯。自6月8日以來，這些巨頭的平均漲幅約為15%，幾乎是IXIC同期8%漲幅的兩倍。
因此，除非更多納斯達克的力量參與上證綜指的上漲，否則該指數可能面臨另一場滑鐵盧。
(特倫斯·加布裏埃爾)
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華爾街因科技股領先而上漲
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(Terence Gabriel是路透社的市場分析師。觀景
表達的是他自己的)
(sinead.care@thomsonreurs.com；+1(646)223 6186；Reuters
消息：sinead.care w.thomsonreurs.com@reurs.net)
譯文內容由第三人軟體翻譯。