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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 28, 2017
Page
9
The Dow finishes a 12th straight record gain as stock optimism rests on strong economy and possible pro growth policy. Bond yields slide to 2.37 percent amid investor demand for safer assets, prompting questions about the Trump stimulus and Fed rate expectations.
Tesla shares fall as Goldman Sachs downgrades to sell and lowers price target. Analyst doubts Model 3 delivery timing. Facebook begins accepting advertising payments in Nigeria naira amid weaker crude prices and Nigeria’s foreign payment pressures. Shares briefly dip and recover.
General Motors expands in China with the Baojun 510, a crossover created with Shanghai Automotive Industry Corp and Wuling Motors in which GM holds a 44 percent stake. Shares rose after the automaker boosted incentives on its pickup models.
United States markets briefing outlines the CBOE Volatility Index as a gauge of expected market volatility tied to S&P 500 options. It also notes the S&P 500 price to earnings ratio based on trailing twelve month operating earnings, reflecting market valuation levels.
Walmart says its app will let shoppers set up profiles for medicine refills and money transfers, view prices, and receive ready alerts. An express lane and code scan will complete transactions at the counter, with electronic payments and receipts. Rollout begins next month with full deployment by fall as Walmart intensifies digital service using its store network.
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