S&P, Dow hit records on upbeat Intel, AbbVie earnings

Intel shot up 10.6 per cent after reporting record revenues in the final quarter of 2017 and forecasting stronger-than-expected sales this year.

"The strong cyclical momentum, the ongoing reduction of economic slack and increasing capacity utilisation strengthen further our confidence that inflation will converge towards our inflation aim of below, but close to, 2 percent", Draghi told reporters in Frankfurt after a Governing Council meeting. Robust earnings also supported stocks, with health-care and tech shares leading the gains.

Wynn Resorts plunged after The Wall Street Journal reported allegations of sexual assault and harassment by CEO Steve Wynn.

The Dow Jones Industrial Average on Friday looked set to open modestly higher as President Donald Trump delivered a speech at the World Economic Forum in Davos, Switzerland that invited companies to do business in America and indicated the the world's No. 1 economy wanted to do "fair and reciprocal" trade deals.

Benchmark 10-year notes last fell 14/32 in price to yield 2.6711 percent, from 2.621 percent late on Thursday.

The Dow advanced as gains in shares of 3M and those of Boeing, recently up 2.5 percent and 2.1 percent respectively, outweighed declines in shares of Apple and those of Home Depot, recently down 1 percent and 0.7 percent respectively.

The Caterpillar stock rose four per cent in pre-market trading before slipping 0.4 per cent in the morning session.

Читайте также: White House doctor deems Trump mentally 'very sharp,' in 'excellent' health

Amongst those that rose were the Dow Jones Industrial Average (INDEXDJX:.DJI) that increased by more than 100 points and hit record values.

The Nasdaq closed lower for the second straight day, edging down 3.89 points or 0.1% to 7,411.16.

Bond prices fell. The yield on the 10-year Treasury rose to 2.66 percent. On Thursday, the contract climbed to as high as $71.28, its highest since 2014.

USA stocks spent a second day flipping between small gains and losses Thursday as investors again looked for hints about the Trump administration's stance on global trade and the dollar. Intel also gave a strong sales outlook.

The Dow is up 1,673.57 points, or 6.8 percent.

The Standard & Poor's 500 index rose 9 points, or 0.3 percent, to 2,847. The greenback was down 0.34 percent against a basket of major currencies.

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