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- escaladaescalada
  ·2021-11-16
  Like
  Activist investors raise bets on retailers and other consumer cyclicals-filings
  Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks
  Activist investors raise bets on retailers and other consumer cyclicals-filings
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- escaladaescalada
  ·2021-10-23
  Good
  非常抱歉，此主贴已删除
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- escaladaescalada
  ·2021-10-19
  [微笑]
  S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower
  * Disney slips after Barclays downgrades to 'equal weight'. Oct 18 - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - $Facebook$ Inc, Apple, Amazon.com Inc
  S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower
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17:58","market":"us","language":"en","title":"Activist investors raise bets on retailers and other consumer cyclicals-filings","url":"https://stock-news.laohu8.com/highlight/detail?id=1124421182","media":"Reuters","summary":"Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks ","content":"<p>Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks including retailers, a food service distributor and carmakers during the third quarter amid signs of stronger growth early in the year.</p>\n<p>Activist investment firm Jana Partners bought 4.6 million shares in Macy's, according to a new regulatory filing, and is urging the retailer to spin off its e-commerce business.</p>\n<p>Sachem Head Capital Management boosted its stake in U.S. Foods Holding by 67% to 11.4 million shares, and Mantle Ridge bought 12.7 million shares in discount retailer Dollar Tree Inc and said in a filing last week that it wants management to take steps to raise the share price.</p>\n<p>Engine No. 1, the sustainability-focused firm that forced ExxonMobil to add three newcomers to its board this year, raised its holdings in car makers Tesla by 78% and General Motors by 20%, according to filings made on Monday.</p>\n<p>The firms increased their exposure to these types of stocks, sometimes called consumer discretionary stocks, as shoppers were ready to spend stimulus checks, confident the worst of the pandemic would soon be over.</p>\n<p>More recently, some investors have grown concerned that rising inflation could dampen spending in some areas, as rising costs on everything from gasoline to groceries fanned the biggest annual consumer price gain in more than three decades.</p>\n<p>Expectations for fresh travel and more dining out also prompted managers like Sachem Head's Scott Ferguson to boost his holding of ride sharing company Uber by 230% to 5.1 million shares, the filing showed.</p>\n<p>Similarly Maverick Capital, not known as an activist investor, raised its stake in Uber by 10% to 2.4 million shares, while PointState Capital owned 3.9 million shares of Uber, marking a 453% increase.</p>\n<p>Cinctive Capital Management boosted its stake in General Motors by 323,284 shares held, the filings show.</p>\n<p>Money managers are required to report their stakes in U.S.-based companies 45 days after the end of the quarter and while the data are often backward-looking, they are closely watched for investment trends.</p>\n<p>Many of the consumer cyclical stocks have performed well this year but some so-called activist investors expect to reap more gains by pushing management to pursue dramatic changes.</p>\n<p>At Macy's, which like other retailers had to temporarily shutter stores during the height of COVID-19, management could create a digital goldmine, Jana's Scott Ostfeld said in October when he laid out arguments to spin off the e-commerce unit.</p>\n<p>At U.S. Foods, Sachem Head has not precisely spelled out the changes it wants to see but the company is already looking to shake up its executive suite by looking for a chief operating officer and a new chief financial officer.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist investors raise bets on retailers and other consumer cyclicals-filings</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist investors raise bets on retailers and other consumer cyclicals-filings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 17:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/activist-investors-raise-bets-retailers-000827673.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks including retailers, a food service distributor and carmakers during the third quarter amid signs of...</p>\n\n<a href=\"https://finance.yahoo.com/news/activist-investors-raise-bets-retailers-000827673.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"M":"梅西百货","UBER":"优步"},"source_url":"https://finance.yahoo.com/news/activist-investors-raise-bets-retailers-000827673.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124421182","content_text":"Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks including retailers, a food service distributor and carmakers during the third quarter amid signs of stronger growth early in the year.\nActivist investment firm Jana Partners bought 4.6 million shares in Macy's, according to a new regulatory filing, and is urging the retailer to spin off its e-commerce business.\nSachem Head Capital Management boosted its stake in U.S. Foods Holding by 67% to 11.4 million shares, and Mantle Ridge bought 12.7 million shares in discount retailer Dollar Tree Inc and said in a filing last week that it wants management to take steps to raise the share price.\nEngine No. 1, the sustainability-focused firm that forced ExxonMobil to add three newcomers to its board this year, raised its holdings in car makers Tesla by 78% and General Motors by 20%, according to filings made on Monday.\nThe firms increased their exposure to these types of stocks, sometimes called consumer discretionary stocks, as shoppers were ready to spend stimulus checks, confident the worst of the pandemic would soon be over.\nMore recently, some investors have grown concerned that rising inflation could dampen spending in some areas, as rising costs on everything from gasoline to groceries fanned the biggest annual consumer price gain in more than three decades.\nExpectations for fresh travel and more dining out also prompted managers like Sachem Head's Scott Ferguson to boost his holding of ride sharing company Uber by 230% to 5.1 million shares, the filing showed.\nSimilarly Maverick Capital, not known as an activist investor, raised its stake in Uber by 10% to 2.4 million shares, while PointState Capital owned 3.9 million shares of Uber, marking a 453% increase.\nCinctive Capital Management boosted its stake in General Motors by 323,284 shares held, the filings show.\nMoney managers are required to report their stakes in U.S.-based companies 45 days after the end of the quarter and while the data are often backward-looking, they are closely watched for investment trends.\nMany of the consumer cyclical stocks have performed well this year but some so-called activist investors expect to reap more gains by pushing management to pursue dramatic changes.\nAt Macy's, which like other retailers had to temporarily shutter stores during the height of COVID-19, management could create a digital goldmine, Jana's Scott Ostfeld said in October when he laid out arguments to spin off the e-commerce unit.\nAt U.S. Foods, Sachem Head has not precisely spelled out the changes it wants to see but the company is already looking to shake up its executive suite by looking for a chief operating officer and a new chief financial officer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851788149,"gmtCreate":1634945480226,"gmtModify":1634945480335,"author":{"id":"3579858317264028","authorId":"3579858317264028","name":"escalada","avatar":"https://static.tigerbbs.com/3a3929ab0cf2924ca32ef81446c3f596","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579858317264028","authorIdStr":"3579858317264028"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/851788149","repostId":"1125111938","repostType":4,"isVote":1,"tweetType":1,"viewCount":987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850624862,"gmtCreate":1634598086261,"gmtModify":1634598086391,"author":{"id":"3579858317264028","authorId":"3579858317264028","name":"escalada","avatar":"https://static.tigerbbs.com/3a3929ab0cf2924ca32ef81446c3f596","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579858317264028","authorIdStr":"3579858317264028"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/850624862","repostId":"2176120817","repostType":4,"repost":{"id":"2176120817","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1634596829,"share":"https://www.laohu8.com/m/news/2176120817?lang=&edition=full","pubTime":"2021-10-19 06:40","market":"us","language":"en","title":"S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower","url":"https://stock-news.laohu8.com/highlight/detail?id=2176120817","media":"Reuters","summary":"* Disney slips after Barclays downgrades to 'equal weight'. Oct 18  - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - $Facebook$ Inc, Apple, Amazon.com Inc","content":"<p>* Consumer discretionary sector leads S&amp;P gainers</p>\n<p>* Utilities lead S&amp;P sector losers</p>\n<p>* Disney slips after Barclays downgrades to 'equal weight'</p>\n<p>* Dow down 0.1%, S&amp;P up 0.34%, Nasdaq up 0.84% </p>\n<p>Oct 18 (Reuters) - The S&amp;P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.</p>\n<p>After a weak start following disappointing economic data from China, the S&amp;P and Nasdaq gathered steam in late morning with gains in FAANG stocks - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.</p>\n<p>Apple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.</p>\n<p>Facebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.</p>\n<p>With just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.</p>\n<p>\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"</p>\n<p>The Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&amp;P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.</p>\n<p>Forecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&amp;P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.</p>\n<p>The solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.</p>\n<p>Other top contributors to the S&amp;P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.</p>\n<p>While technology, closing up 0.9%, was the S&amp;P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.</p>\n<p>Johnson &amp; Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.</p>\n<p>But while mega tech gainers were strong enough to boost the S&amp;P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.</p>\n<p>Of the S&amp;P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.</p>\n<p>Shares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.</p>\n<p>Volume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-19 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Consumer discretionary sector leads S&amp;P gainers</p>\n<p>* Utilities lead S&amp;P sector losers</p>\n<p>* Disney slips after Barclays downgrades to 'equal weight'</p>\n<p>* Dow down 0.1%, S&amp;P up 0.34%, Nasdaq up 0.84% </p>\n<p>Oct 18 (Reuters) - The S&amp;P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.</p>\n<p>After a weak start following disappointing economic data from China, the S&amp;P and Nasdaq gathered steam in late morning with gains in FAANG stocks - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.</p>\n<p>Apple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.</p>\n<p>Facebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.</p>\n<p>With just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.</p>\n<p>\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"</p>\n<p>The Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&amp;P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.</p>\n<p>Forecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&amp;P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.</p>\n<p>The solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.</p>\n<p>Other top contributors to the S&amp;P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.</p>\n<p>While technology, closing up 0.9%, was the S&amp;P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.</p>\n<p>Johnson &amp; Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.</p>\n<p>But while mega tech gainers were strong enough to boost the S&amp;P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.</p>\n<p>Of the S&amp;P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.</p>\n<p>Shares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.</p>\n<p>Volume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","COMP":"Compass, Inc.",".DJI":"道琼斯","DIS":"迪士尼","AAPL":"苹果","JNJ":"强生",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176120817","content_text":"* Consumer discretionary sector leads S&P gainers\n* Utilities lead S&P sector losers\n* Disney slips after Barclays downgrades to 'equal weight'\n* Dow down 0.1%, S&P up 0.34%, Nasdaq up 0.84% \nOct 18 (Reuters) - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.\nAfter a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - Facebook Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.\nApple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.\nFacebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.\nWith just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.\n\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"\nThe Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.\nForecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.\nThe solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.\nOther top contributors to the S&P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.\nWhile technology, closing up 0.9%, was the S&P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.\nJohnson & Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.\nBut while mega tech gainers were strong enough to boost the S&P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.\nOf the S&P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.\nShares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"\nDeclining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.\nVolume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}