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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 15, 2016
Page
9
USA TODAY cites Mark Arbeter noting key support at 2,120 for the S&P 500, with secondary floors at 2,105 and the 200-day moving average near 2,060. He sees only minor damage so far as prices hover above these levels and trend remains uncertain.
SigFig reports more than 500000 investors nationwide use its investment tracking service. The platform manages portfolios with about 200 billion dollars in total assets, according to SigFig analysis presented on this page.
Consolidated Edison and other high-dividend utilities advanced after bond prices fell, aided by a higher stock rating and raised price targets. Monsanto agreed to be acquired by Bayer after months of talks, with Bayer offering nearly $130 a share, valuing the deal at about $57 billion. A strong session offset a rough month for stocks.
Heather Bresch will appear before Congress on Sept 21 to be questioned about the EpiPen price hike from $57 per shot in 2007 to about $600 for a two-pack today. Shares fell after brief gains as markets weigh the cost and policy implications.
UPS plans 95000 temporary workers for peak months as Toys R Us and Target also announce large holiday hiring. Toys R Us seeks thousands of part timers with two national hiring days set for Oct 10 and Nov 11. Target plans 70000 store roles and 7500 in distribution with first store hiring events Oct 14 15.
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