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The Dow Jones Industrial Average rose 117.51 points, or 0.46 percent, to 25,543.27, the S&P 500 gained 8.3 points, or 0.30 percent, to 2,753.03 and the Nasdaq Composite added 5.76 points, or 0.08 percent, to 7,420.38. Of the 11 major sectors in the S&P 500, all but utilities and communications services ended the session in positive territory. Energy was the largest percentage gainer as oil prices saw their biggest increase since late January. Groupon Inc sank 11.1 percent, one of the biggest losers on the Nasdaq, as reduced traffic led to a fourth-quarter profit miss.

Generic drugmaker Teva Pharmaceuticals Industries Inc dropped 7.8 percent after forecasting a weaker-than-expected 2019 due to new competition for branded drugs, General Electric Co advanced 3.9 percent following news the conglomerate booked the most orders for electricity-generating gas turbines in 2018, Levi Strauss & Co filed documents for an IPO after more than university of alabama needlepoint cufflinks three decades as a privately held company, Rivals Abercrombie & Fitch, Gap Inc and American Eagle Outfitters Inc all dipped on the news..

After the bell, Cisco Systems Inc shares rose after posting better-than-expected quarterly results as the network gear maker benefited from its shift to newer businesses. Also in after-hours trading, shares of American International Group fell 3 percent after the insurer reported a quarterly loss as it was hit with catastrophe losses. During the session, advancing issues outnumbered declining ones on the NYSE by a 1.86-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers. The S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 19 new lows.

NEW YORK (Reuters) - Cities that were shunned in Amazon.com Inc’s search for a secondary corporate headquarters are revisiting their bids in case one of the actual winners, New York City, rejects the corporate giant due to opposition from local politicians, Chicago, Miami and Newark are among the passed-over finalists that have expressed interest in another chance to become the home of an Amazon project that could bring 25,000 jobs, Nashville, Tennessee, which was awarded a 5,000-person university of alabama needlepoint cufflinks center, also said it was open to taking on a bigger role should New York withdraw from consideration..

Newark, New Jersey, some 15 miles (24 km) to the west of New York City, is willing to share the headquarters in the event its larger neighbor would be satisfied with a scaled-down project, said Aisha Glover, chief executive of Newark Alliance, the group leading that city’s effort. “We’re definitely interested in reactivating our bid,” Glover said, stressing the importance of keeping Amazon in the New York metropolitan area. Amazon in November announced New York City and Arlington, Virginia, which borders Washington, D.C., would share the so-called HQ2 project, splitting some 50,000 jobs between the two places as the Seattle-based company looked to expand elsewhere.

But the New York project, to be based in the Long Island City neighborhood in the borough of Queens, just across the East River from Manhattan, has run into opposition from local politicians who oppose the $2.8-billion in incentives promised to Amazon in a deal secretly negotiated by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio, Among those leading the opposition is state Senator Michael Gianaris, a Democrat who represents the waterfront district where Amazon wants to locate, university of alabama needlepoint cufflinks He criticized offering huge tax credits to a company that made a net profit of $3 billion last quarter and whose chief executive, Jeff Bezos, is listed by Forbes as the richest man in the world..

“The dollars are pointed in the wrong direction. Amazon is trying to take, take, take. There’s no consideration of the devastation they would wreak on the surrounding community,” said Gianaris, raising concerns about the impact on public transportation, schools and low-income housing that are already under strain. The state senate has nominated Gianaris to the Public Authorities Control Board, which could sink the project as it has other deals in the past. In 2005, the board rejected a plan to build an Olympic and American football stadium in Manhattan.

Among Gianaris’ allies is U.S, Representative Alexandria Ocasio-Cortez, the rookie Democratic congresswoman from a nearby district whose progressive politics have captured a large national following, Amazon has the support of other politicians including Cuomo, who has yet to ratify Gianaris’ position on the control board, Amazon said it is not reaching out to any finalists, “We appreciate hearing from locations we have worked with on HQ2 and other projects, We look forward to continuing the university of alabama needlepoint cufflinks relationship as we make investment decisions in the future,” Amazon said Wednesday..

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