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NEW YORK nike air max trainers wholesale uk , Aug. 21 (Xinhua) -- U.S. stocks rose Thursday, with the S&P 500 jumping to both all-time intraday and closing highs, as upbeat economic data provided a boost to the market.

The broader S&P 500 hit an intraday record of 1,994.76 points before closing at 1,992.37 points, up 5.86 points, or 0.29 percent nike air max wholesale uk online , eclipsing its previous record high set on July 24.

The Dow Jones Industrial Average rose 60.43 points, or 0.36 percent, to 17,039.56. The Nasdaq Composite Index edged up 5.62 points, or 0.12 percent, to 4,532.10.

A batch of economic data coming out Thursday continued pointing to a strengthening U.S. economy nike air max wholesale uk china , which comforted investors, some of whom had stayed on the sidelines recently amid lingering geopolitical concerns.

U.S. initial jobless benefit claims fell more than expected last week. In the week ending Aug. 16, the advance figure for seasonally adjusted initial claims was 298,000, a decrease of 14, 000 from the previous week's revised level, said the Labor Department Thursday.

U.S. manufacturing activity expanded at the highest pace in more than four years nike air max cheap wholesale uk , with the seasonally adjusted Markit Flash U. S. Manufacturing Purchasing Managers' Index registering 58.0 in August, said financial data firm Markit.

Meanwhile, total existing-home sales in the country rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July, the highest annual pace of the year, said the National Association of Realtors.

The Conference Board's Leading Economic Index for the U.S. rose in July to 103.3, suggesting that the economy is gaining traction and growth should continue at a strong pace for the remainder of the year.

Investors' focus now turned to Federal Reserve Chair Janet Yellen's speech titled "Re-Evaluating Labor Market Dynamics" scheduled on Friday in Jackson Hole, Wyoming nike air max shoes wholesale uk , to get more clues about the timing of the first rate hike.

On the previous trading day, Wall Street closed higher, shrugging off a slightly hawkish tone set in the minutes from the Fed's latest meeting released Wednesday, which revealed that some participants liked to see a relatively prompt rate hike.

In corporate news, Bank of America announced Thursday that it has agreed to pay a record settlement of 16.65 billion U.S. dollars with the U.S. Department of Justice to resolve mortgage- related litigations and investigations.

The CBOE Volatility Index, widely considered as Wall Street's fear gauge, dropped 0.17 percent to end at 11.76 on Thursday.

In other markets nike air max wholesale uk , crude prices gained Thursday as U.S. economic data came out better than expected. Light, sweet crude for October delivery moved up 51 cents to settle at 93.96 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery gained 35 cents to close at 102.63 dollars a barrel.

Gold futures on the COMEX division of the New York Mercantile Exchange extended losses Thursday on encouraging U.S. data, with the most active gold contract for December delivery down 19.8 dollars, or 1.53 percent, to settle at 1,275.4 dollars per ounce.

The U.S. dollar dipped against most major currencies Thursday as investors awaited Yellen's speech scheduled for Friday. In late New York trading http://www.airmaxcheapwholesaleuk.com/ , the euro rose to 1.3281 dollars from 1.3262 dollars in the previous session, while the greenback bought 103.80 Japanese yen, higher than 103.71 yen of the previous session.

BERLIN, Sept. 23 (Xinhua) -- The once-in-four-year German federal election will be held on Sunday, which will decide the proportion of the seats in the Bundestag, or the Federal Parliament, and thus decide the formation of the new government.

Based on a slightly modified proportional representation 2018 air max wholesale uk , election in Germany is different from that of the United States or France.

Each voter has two votes, the first of which is for a candidate in his or her constituency, and the second for a state list of candidates put up by a particular party.

The first vote allows a elector to vote for a direct candidate of their constituency, who applies for a direct mandate in the Bundestag. As there are 299 constituencies at the moment, the same number of mandates in the Bundestag are distributed to the elected candidates in each constituency.

This division changes nothing with regard to the key role of the parties in the electoral system, because only those candidates who belong to a party have any chance of success.

The second vote goes to a party instead of a single candidate, and thus determines the percentage each party gets in the Bundestag air max wholesale uk black friday , so it is more important than the first vote.

Sometimes a party will receive more seats through the first vote than they deserve according to the party vote. Since each candidate who wins a constituency is guaranteed a seat, the party get to maintain those "overhang" seats.

Other parties then also get more seats to make up for this, ultimately making the parliament larger than its base number of 598 seats. Now the incumbent Bundestag have a total of 630 seats.

However, the second votes of a party are counted only if they have won at least five percent of all second votes or three constituencies directly over the votes. If this is not the case, the second votes are invalid.

Approximately over 61 million voters are eligible for the federal election on Sunday. In principle, all Germans who are 18 years old and above on the election day can participate. Most of the voters live in North Rhine-Westphalia (13.1 million) and the least in Saarland (800,000).

The new Bundestag must convene within one month to discuss the formation of the government.

German electoral system makes it very difficult for any one party to form a government on its own. Therefore air max trainers wholesale uk , an alliance of parties is the general rule.

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