Markets Right Now: Strong earnings send US stocks higher

NEW YORK — The latest on developments in financial markets (all times local):9:35 a.m.Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies.Estee Lauder jumped 11.3 per cent and Ralph Lauren climbed 10.2 per cent in the first few minutes of trading Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.Health insurer Centene rose 4.4 per cent after reporting strong growth in membership.The S&P 500 index rose 7 points, or 0.2 per cent, to 2,731.The Dow Jones Industrial Average climbed 104 points, or 0.4 per cent, at 25,343. The Nasdaq added 34 points, or 0.5 per cent, to 7,382.Bond prices rose. The yield on the 10-year Treasury fell to 2.71 per cent.The Associated Press read more

Foreign military in attendance as Army kicks off military exercise

‘Exercise – Cormorant Strike VIII – 2017’, the Field Training Exercise (FTX), organized by the Sri Lanka Army, started off for the 8th consecutive year with the participation of Sri Lankan tri-forces and 69 foreign participants at Infantry Training Centre (ITC), Minneriya in the East.The introductory meeting was conducted at the Exercise Operational Headquarters in Minneriya. Foreign participants from Bangladesh, India, the Maldives, Nepal, Pakistan, Indonesia, Malaysia, China, Russia, USA, Brazil, Sudan, Iraq, Israel, Oman, Turkey, Iran and Kenya were educated on the conduct of the exercise. More than 2675 Army, Navy and Air Force troops, including 69 foreign military participants and observers, mechanized infantrymen, commandos and special forces of the Sri Lanka Army, 370 naval and 197 Air Force personnel are taking part together with their foreign counterparts at the annual joint exercise. read more