Published: Fri, February 10, 2017
Sci-tech | By Jose Becker

Real estate leads United States stocks mostly higher; oil rebounds

At 9:38 a.m. ET the Dow Jones Industrial Average was up 65.43 points, or 0.33 per cent, at 20,117.85.

US stocks finished mixed Wednesday, with the Nasdaq Composite Index eclipsing previous day's closing record, as investors digested a slew of corporate earnings reports.

Eighteen of 30 companies listed on the Dow recorded gains, compared to 12 that saw declines.

The Dow Jones Industrial Average rose 39.27 points, or 0.2 percent, to 20,091.69, the S&P 500 gained 0.4 points, or 0.02 percent, to 2,292.96 and the Nasdaq Composite added 7.06 points, or 0.12 percent, to 5,670.61. The drugmaker's stock, which also weighed on the S&P and the Nasdaq, slid 9.7 percent after the company projected disappointing sales for its hepatitis C drugs this year.USA carrier Alaska Air rose 2 percent to $96.06 after the company reported a 10.7 percent jump in quarterly revenue.Declining issues outnumbered advancers on the NYSE by 1,490 to 1,370.

Eight of the 11 major S&P sectors were higher, with industrials' 0.41 per cent rise leading the advancers.

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The bill retroactively "legalizes" Jewish settlements built on Palestinian land, and has been condemned by the global community. The clause that would have circumvented that court ruling, however, was removed from the bill following coalition infighting.

The Nasdaq composite lost 3.21 points, or 0.1 percent, to 5,663.55.

HEALTHY SALES: Myriad Genetics jumped 9 percent after the diagnostic test maker said sales of hereditary cancer tests have begun rising again, driving revenue to the highest level in three years.

"We've been getting some back and forth between the new administration's business-friendly policies versus the disruptions economically and politically from the immigration and trade-related issues", said Jason Pride, director of investment strategy at Glenmede in Philadelphia. Benchmark U.S. crude rose 17 cents, or 0.3 percent, to close at $52.34 a barrel in NY. The contract slumped 82 cents on Monday to close at $53.01. Oil prices rebounded after an early slide. A former premier in 2007-12, Fillon has a reputation as low-key and reliable but has been hurt by an investigation into whether political jobs he gave to his wife, son and daughter were genuine. Officials of the far-right National Front, including leader Marine Le Pen, also are under investigation for their use of aides in the European parliament.

CURRENCIES: The dollar fell to 112.09 yen from 112.19 yen on Tuesday.

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