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| Stock market news live updates: S&P 500, Dow rise after 5-session losing streak - Yahoo Finance Posted: 13 Sep 2021 08:39 AM PDT Stocks were mostly higher on Monday, with the major equity averages looking to recover some losses after five straight sessions of declines. The Dow added more than 200 points, or 0.6%, shortly after the opening bell before paring some gains. Shares of Apple (AAPL) led the way higher as the stock shook off losses from Friday, which came after a California judge issued a permanent injunction against the iPhone-maker's App Store policies amid an antitrust lawsuit with Epic Games. Investors also awaited a highly anticipated Apple event on Tuesday, which is expected to serve as the forum for the unveiling of a new iPhone and other hardware. The S&P 500 also rose, while the Nasdaq turned lower during intraday trading. Equity investors shook off concerns over heightened regulatory scrutiny in China after the Financial Times reported that Beijing was aiming to break up financial technology company Alipay and separate its lucrative lending business. Shares of Chinese technology giants including Alibaba (BABA) — which owns a stake in Ant Group — and Tencent (TCEHY) dropped in early trading. Traders this week are set to closely eye new data on U.S. inflation and consumer spending. The former will be monitored to signal whether upward price pressures during the recovery have extended further, and whether the Federal Reserve may need to step in sooner rather than later to stave off a lasting jump in inflation. Consensus economists expect Tuesday's consumer price index (CPI) to rise by 5.3% in August over last year, pulling back from July's more than decade-high annual rise of 5.4%. "Global supply problems could put some further upward pressure on inflation in the near term, but the increase in inflation experienced in the immediate wake of the COVID crisis is close to peaking and we expect headline inflation to fall back in every major advanced economy in 2022," Capital Economics economist Jack Allen-Reynolds wrote in a note Monday morning. "However, a combination of large amounts of fiscal and monetary support, and a longer-lasting drop in the labor force, means that core inflation in the U.S. will remain well above target in 2022," he added. The new data on August retail sales out from the Commerce Department later this week will also offer a look at how consumer spending has held up amid concerns over the Delta variant and rising prices. Overall retail sales are expected to drop by 0.8% in August in Thursday's report, extending July's 1.1% decline. "This is such an unusual economy right now: Highly policy-driven [between] fiscal policy, monetary policy, social policy," Robert Dye, Comerica Bank Chief Economist, told Yahoo Finance. "And at the same time, we're trying to reflate this economy. We're hobbled and throttled back by the global supply chain constraints— so a very, very unusual set of circumstances right now." "It looks like we're going to get yet another shot of long-term fiscal coming from the spending program that's going to be voted on here in a couple of weeks. But in the meantime, we've got to get through COVID," he added. "We've got to get the consumer back on its feet. We've got to give them some product to buy to get those consumption numbers up ... The global supply chain needs to be freed up so we can get the inventory cycle going again— so highly unusual conditions right now." — 11:35 a.m. ET: Demand for income 'is going to be the hallmark of this investment decade': StrategistDemand for investment returns has helped keep traders piling into stocks even after the S&P 500's rapid run-up so far this year. That outsized demand is likely to remain a driving force for risk assets, according to at least one strategist. "The markets are in good shape," Rick Rieder, BlackRock global fixed income chief investment officer, told Yahoo Finance Live. "The demand for income, the demand for return — I've been doing this for 35 years, I've never seen the extraordinary amount of demand there is." "I do think the Fed is over-enhancing the amount of liquidity in the system. But it's so much bigger than that," he added. "We're going through a demographic evolution, and a need for income ... the demand for income is going to be something that is going to be the hallmark of this investment decade without question." Rieder also suggested stocks are not overvalued — even as they hover near record levels — especially when compared to Treasury bonds. "You look at what revenue growth is, you look at these companies [that] are building book equity at 20%, 25%, 30% per annum," he added. "And you think about that and think, 'Gosh, the intrinsic value of my stock is going up 20%, 25% per annum, whereas the 10-year note yields 1% with real rates at negative 1%.' It just puts into perspective the paradox between value in the fixed income market and the equity market today where I don't think equities are high by any measure." — 10:15 a.m. ET: BofA thinks stocks are heading lower by year-endA number of strategists have begun to temper their expectations for U.S. equity appreciation for the rest of the year, given the confluence of risks around COVID and monetary and fiscal policy facing markets. "For year-end 2021, we are still expecting the market to end the year lower than current levels," Jill Carey Hall, Bank of America U.S. equity strategist, told Yahoo Finance Live on Monday. The firm has a 4,250 price target on the S&P 500 for year-end 2021, implying downside of nearly 5% from Friday's closing level. However, BofA expects the index to rise to 4,600 by the end of 2022. "Obviously earnings have come in very strongly for the first half – much better than expected. And we're still bullish on U.S. economic growth," she added. "But we think a lot of the good news has been reflected in valuations at this point, which are very stretched, particularly for the large and mega-cap stocks in the market. And sentiment has been close to euphoric." "Over the course of the coming weeks and months there are a number of risks. COVID is one of them, but interest rates, the Fed — all of this is something that we're watching closely," she added. "The interest rate sensitivity of the S&P 500 is extremely elevated right now." — 9:32 a.m. ET: Stocks open higher, Dow adds 200+ pointsHere were the main moves in markets as of 9:32 a.m. ET:
— 7:46 a.m. ET Monday: Stock futures rise to shake off last week's lossesHere were the main moves in markets as of Monday morning:
— Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck |
| How to Stream Your Windows or Mac Desktop to Your Chromebook - Gizmodo Posted: 13 Sep 2021 05:30 AM PDT  For a lot of people, Chromebooks are all the computer that they need. Aside from some heavy-duty image and video editing, there isn't much that you can't do inside a web browser these days. If there are times when you need a full Windows or macOS desktop application running inside Chrome OS, this is pretty easy to set up—as long as you have another Windows or macOS computer around that you can link to. This is perfect if you're using the Chromebook in one room of your home and have a MacBook in a different room, or if you want to run programs from the Windows computer in the office on your Chromebook back at home. It's not actually possible to run full desktop applications from Windows or macOS in Chrome OS at the moment, although Google is working on it. If you need this sort of functionality, CrossOver might be what you're looking for—though at the moment it can only bring Windows software to your Chromebook.  If you do want to stream programs from another Windows or macOS machine to your Chromebook rather than run them natively, then a free Google utility called Chrome Remote Desktop is the solution you need. It quickly and simply gets the full desktop interface from your other computer up in a browser tab in Chrome OS, so you can interact with it almost as if you were sitting in front of the actual screen. Some preparation work is required on the computer you want to connect to and stream from. Open up the Chrome Remote Desktop page in Google Chrome, sign in with your Google account, then choose the Access my computer option. Click the Turn on button next to Set up remote access, and you'll be asked to give your computer a name—choose something that will help you quickly identify it later on. Next, you need to enter a six-digit PIN to gain access to this computer over the web (or over your local wifi network). When you've picked one, click Start, and Chrome will take care of a few extra bits of housekeeping. After a few moments, you'll see your computer is now listed in the Chrome Remote Desktop interface—click the pen icon next to it if you ever need to edit its name or PIN, or the trash icon if you ever want to delete it.  Once you start establishing connections between computers—and these can be between Windows and macOS devices as well as Chromebooks, as long as Google Chrome is involved—you'll have the option to mark links as trusted, so the PIN isn't required again after the first connection is established. If you ever want to change these settings, click View/Edit next to any computer in the Chrome Remote Desktop list. On the actual Chromebook, you again head to the Chrome Remote Desktop page to get started. Your Google account keeps all these devices in sync and tells the utility which computers you have access to. Click Access my computer and you should see the Windows or macOS machine you just set up is listed on the screen: Select the computer, enter the PIN when prompted, and you can get connected. A tab of session options appears right away, so you can decide if you want the other computer to be streamed in a full screen view or not, and choose how the remote desktop is scaled in your browser tab. On the same tab—which you can access at any time by clicking on the arrow on the right—you're able to transfer files between the devices, and switch to other displays if your Windows or macOS computer has several of them.  Of course you need the computer you're streaming from to be switched on and connected to the internet in order for you to be able to access it from your Chromebook. You might also want to shut down other streaming apps—on both the computers involved—to make sure that the connection stays as stable as you need it to be. You can then get on with whatever it is you need to do on Windows or macOS, right from your Chromebook: Load up Photoshop, access your file system, run desktop office applications, or whatever it is. The streaming won't be quite as smooth as it is when you're accessing something like Netflix or Spotify, but it's good enough to manage the majority of computing tasks. Note as well that the options tab gives you links to simulate keypresses such as Print Screen on the computer you're connecting to as well. The computer you're connecting to will have a message displayed on it when it's being accessed remotely—so you'll know if any unexpected connections take place—and when you want to break the connection from your Chromebook you can click the Disconnect button on the options tab or simply close down the browser window. |
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