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NEW YORK Cheap Men's Nike Air Max 97 All White UK , Nov. 15 (Xinhua) -- The Dow Jones Industrial Average closed at record high for four consecutive sessions Tuesday, leaving it within striking distance of the round-number mark of 19,000 points, as investors cheered over a strong rebound in oil prices after Donald Trump won the presidential election.
At the close, the Dow Jones Industrial Average rose 54.37 points, or 0.29 percent Cheap Nike Air Max 97 Summit White UK , to 18,923.06. The S&P 500 added 16.19 points, or 0.75 percent, to 2,180.39. The Nasdaq Composite Index jumped 57.23 points, or 1.10 percent nike air vapormax uk , to 5,275.62.
A strong rebound in oil prices boosted investor sentiment. Oil prices spiked Tuesday after three sessions of losses, with both U.S. oil and Brent crude soaring nearly 6 percent, as the market saw an increasing chance for the Organization of Petroleum Exporting Countries to reach an output freeze deal by the end of this month.
Lifted by the surging oil, the energy sector leapt 2.68 percent Tuesday as the biggest advancer in the S&P 500's ten sectors.
U.S. economic data also came out positive Tuesday. The U.S. Commerce Department announced that advance estimates of U.S. retail and food services sales for October increased 0.8 percent from the previous month to 465.9 billion dollars, above market estimates of 0.6 percent.
"Consumers are back. Retail sales barely increased in July and August nike air vapormax flyknit uk , but September was revised from tepid to solid and October was gangbusters. As a result, our GDP estimate was revised from 0.5 percent to 1.2 percent," said Chris Low, chief economist at FTN financial.
Meanwhile, after a 0.2 percent increase in September, U.S. import prices advanced 0.5 percent in October nike air max 2018 uk , also beating market consensus, the Labor Department reported Tuesday.
"Crude has been an important part, (and) earning is not an unimportant part, but as you and I discussed off camera, this is vaguely reminiscence of what happened after the Ronal Regan election," Legendary New York Stock Exchange floor trader Arthur Cashin said on CNBC Tuesday.
U.S. stocks witnessed wild swings around the country's Election Day nike air max 97 womens uk , with the Dow notching a seven-day winning streak Tuesday following an exactly seven-day losing streak in the past 14 sessions.
Analysts thought that Trump's victory may have wide implications on multiple fronts, including trade, taxes and foreign policy, among others.
Wall Street is benefiting from Trump's anti-regulation stance versus Clinton. Clinton had several election measures viewed as adverse to Wall Street such as raising capital gains tax, further regulation and a high frequency trading transaction tax, Brendan Ahern cheap air max 97 mens uk , chief investment officer of U.S. fund company Kraneshares, told Xinhua.
"Over the next several weeks markets will digest how President Trump's policies will differ from Candidate Trump's rhetoric. Often there can be disparity between the two as there is often a movement toward a centrist view," Ahern said.
The Ronal Regan election had one month honeymoon, but then things didn't work out for the next eight month, said Arthur Cashin.
VIENTIANE, Nov. 8 (Xinhua) -- Lao government bodies should do more to weed out and prevent corruption, using the methods put in place by the party and state, a recent inspection meeting said.
A meeting to disseminate and explain the content of the third National Inspection Meeting and provide instruction on inspection procedures was organized on Monday by Lao Ministry of Information, Culture and Tourism, reported state-run media group Vientiane Times on Tuesday.
During the meeting, party committees and leading officials of Laos were advised to raise public awareness of the importance of complying with the law and encourage people to stay away from corruption, as a first step in preventing systemic corruption. Participants and committees in charge were asked to share their knowledge and skills in carrying out inspections and fighting corruption.
The party and state have always considered the campaign against corruption to be of great importance, said Vientiane Times. Since 1982, Lao government has provided directions for dealing with underhand activities in state administrative bodies and among public officials, and for preventing corruption.
By Adora Wang
HONG KONG, Aug. 9 (Xinhua) -- When you come to Hong Kong in the seventh month of the lunar calendar nike air max 97 mens uk , you will see lots of colorful bamboo scaffolds located everywhere. The Chinese traditional Hungry Ghost Festival or Yu Lan is solemnly celebrated almost in every district during this month.
According to traditional belief, the seventh month on the Chinese lunar calendar is called Ghost Month. The gates of hell are sprung open to allow spirits spending the month visiting their families, feasting and roaming on earth.
In this month, Hong Kong people make efforts to appease these transient ghosts, while "feeding" ancestors. Grandfathers often warn children not to go out at nights. Residents burn joss paper offerings at street sides. The most popular offerings are Hell Bank Notes.
"August 10, which is the 15th day of lunar July this year nike air max 97 og uk , is called the official day of Yu Lan. Unlike Halloween in the West which is only celebrated for several days, Yu Lan can be celebrated for a whole month," said Xia Zhongjian, boss of the biggest joss paper offerings shop in Hong Kong.
A lot of bamboo scaffolds covered by decorative cloth and paper were set up for building the temporary theatres and memorial places.
"King of Hell, made by colorful paper and bamboo, is the signature figure of Yu Lan nike air max 97 undefeated uk , I received more than 60 orders this year to make the King, and the tallest King will be around 8 meters high," Xia said.
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