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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 13, 2017
Page
9
The Dow, S and P 500 and Nasdaq all closed at all time highs on Tuesday led by strong economic optimism. Apple slipped after unveiling its 999 iPhone X with facial recognition and wireless charging as investors weigh lofty valuations against a rebound in global growth.
DowDuPont moves to complete its post merger split into three publicly traded companies affecting its materials science and specialty products units. The stock traded around $68 with a daily range from $67.80 to $69.25 as investors weigh the phased separation. Yum Brands Pizza Hut in Jacksonville faced online backlash after an internal memo advised employees not to evacuate on Friday despite a mayor issued mandatory evacuation.
Toshiba postponed a board vote on selling its $18 billion chip unit planned for Wednesday. Talks with a Bain Group led consortium, including Western Digital, stalled amid difficulties.
The report defines the CBOE Volatility Index as a measure of expected market volatility derived from S&P 500 options pricing. It also notes the price to earnings ratio based on trailing twelve month operating earnings.
Foot traffic at Whole Foods rose about 25 percent in Aug 28 and 29, per Foursquare data, two days after Amazon completed its 13.7 billion takeover. Discounts included Whole Trade bananas 38 percent lower, organic baby food down 12 percent, and tilapia 33 percent cheaper, with experts calling price the key driver and predicting traffic will stabilize.
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