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The Philadelphia Semiconductor index .SOX slid 0.49 percent. Adding to the woes, Goldman Sachs forecast a tough year for chipmakers, particularly in the first half. Other investors remained upbeat about upcoming U.S. quarterly results father of the bride cufflinks of all the walks. “It’s the new year and investors are really stepping back and taking a look at the fundamentals, and realizing it’s not as bad a story as maybe we thought toward the end of the year,” said Jeff Kravetz, a regional investment strategist at U.S. Bank Wealth Management..
The communication services index .SPLRCL climbed 1.58 percent, with Facebook Inc (FB.O) adding 3.25 percent after JPMorgan said the social media company was among its favorite internet picks for 2019 father of the bride cufflinks of all the walks. Amazon.com Inc (AMZN.O) rose 1.66 percent, increasing its market capitalization to $810 billion and cementing its position as the most valuable U.S. company. The Dow Jones Industrial Average .DJI jumped 1.09 percent to end at 23,787.45 points, while the S&P 500 .SPX gained 0.97 percent to 2,574.41. The Nasdaq Composite .IXIC added 1.08 percent to 6,897.00..
Financials .SPSY was the only S&P index not to gain, ending unchanged as the U.S. Treasury yield curve US2US10=TWEB flattened. PG&E Corp (PCG.N) shares continued to decline, falling 7.34 percent after S&P Global Ratings stripped the California power utility of its investment-grade credit rating father of the bride cufflinks of all the walks. Union Pacific Corp (UNP.N) rose 8.73 percent after the No. 1 U.S. railroad named industry veteran Jim Vena as chief operating officer. Advancing issues outnumbered declining ones on the NYSE by a 3.36-to-1 ratio; on Nasdaq, a 2.16-to-1 ratio favored advancers..
NEW YORK (Reuters) – Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from billionaire Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S father of the bride cufflinks of all the walks. department-store chain. Lampert’s latest attempt to rescue Sears came after his previous $4.4 billion bid fell short, prompting the retailer to make liquidation preparations ahead of a bankruptcy court hearing in New York on Tuesday. An attorney for Sears told U.S. Bankruptcy Judge Robert Drain that Lampert is expected to submit a revised offer for the retailer, along with a $120 million deposit, by 4 p.m. ET (2100 GMT) on Wednesday. The attorney, Ray Schrock of Weil, Gotshal & Manges LLP, did not disclose further details of the new offer, which materialized after what he described as several days of round-the-clock negotiations..
Drain said that Sears will weigh Lampert’s offer against a proposed liquidation during a Jan. 14 bankruptcy auction father of the bride cufflinks of all the walks. Should Lampert’s offer falter again, he will forfeit more than $17 million from his deposit to Sears creditors. Lampert’s bid, which recently envisioned keeping open 425 stores and preserving up to 50,000 jobs, still faces hurdles that could cause it to unravel in the coming days and prompt Sears to shut down for good. “This is a large company..that affects a lot of people,” Drain said during Tuesday’s hearing. He called the expectation of a revised bid from Lampert a “good development” that could allow Sears to “survive as a going concern, at least in part.”..