Space Station Astronauts Get Holiday Treats Delivered After Delay

A SpaceX Dragon cargo ship finally delivered more than 2,500 kilograms of holiday treats Saturday to the International Space Station after a communications drop-out delayed the shipment.

After two approach attempts, the Dragon locked onto the orbiting lab three days after launching from Cape Canaveral in the southeastern U.S. state of Florida.

NASA nixed the first approach because of a glitch in the communication network that serves the space station.

Mission Control ordered the Dragon to back up from the station before approaching again after NASA switched another communications satellite.

With the Dragon positioned about nine meters from the station, Commander Alexander Gerst locked the lab’s robot arm onto the cargo ship one-and-a-half hours later than planned.

In addition to holiday offerings — including smoked turkey, green bean casserole and fruit cake — mice and worms also were delivered for science experiments.

Three astronauts will be on board the station on Christmas, while three others will return to Earth on December 20. Until then, the station will be home to six astronauts: Gerst, who is German, two Americans, two Russians and one Canadian.

From: MeNeedIt

IMF Approves $3.7 Billion Loan for Oil-rich Angola

The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year.

The IMF said Friday that the loan aims to help the southern African country restructure state-owned enterprises and take other measures to improve economic governance.

 

Angola had experienced a surge in growth because of oil exports under former president Jose Eduardo dos Santos, but poverty and cronyism persisted. A fall in commodity prices years ago tipped the Angolan economy into crisis and showed that it was too reliant on oil.  

 

President Joao Lourenco, who succeeded dos Santos, has distanced his administration from his former boss, pledging to fight corruption and meeting with government critics.

From: MeNeedIt

China Exports, Imports Weaken Ahead of US Talks

China’s export growth slowed in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington.

Exports rose 5.4 percent from a year ago to $227.4 billion, a marked decline from the previous month’s 12.6 percent increase, customs data showed Saturday. Imports rose 3 percent to $182.7 billion, a sharp reversal from October’s 20.3 percent surge.

That adds to signs a slowdown in the world’s second-largest economy is deepening as Chinese leaders prepare for negotiations with President Donald Trump over Beijing’s technology policy and other irritants.

Exports to US rise

Chinese exports to the United States rose by a relatively robust 12.9 percent from a year ago to $46.2 billion. Shipments to the U.S. market have held up as exporters rush to fill orders before additional duty increases, but forecasters say that effect will fade in early 2019.

Imports of American goods rose 5 percent to $10.7 billion, down from the previous month’s 8.5 percent growth. China’s politically volatile trade surplus with the United States widened to a record $35.5 billion.

Trump agreed during a Dec. 1 meeting with this Chinese counterpart, Xi Jinping, to postpone tariff hikes by 90 days while the two sides negotiate. But penalties of up to 25 percent imposed earlier by both sides on billions of dollars of each other’s goods still are in effect.

Companies and investors worry the battle between the two biggest economies will chill global economic growth.

Chinese economy cools

The Chinese economy grew by a relatively strong 6.5 percent from a year earlier in the quarter ending in September. But that was boosted by government spending on public works construction that helped to mask a slowdown in other parts of the economy.

An official measure of manufacturing activity fell to its lowest level in two years in November. Auto sales have shrunk for the past three months, and real estate sales are weak.

Chinese leaders have responded by easing lending controls, boosting spending on construction and promising more help to entrepreneurs who generate the state-dominated economy’s new jobs and wealth. But they have moved gradually to avoid reigniting a rise in corporate and local government debt that already is considered to be dangerously high.

Tariffs

The Trump administration imposed 25 percent duties on $50 billion of Chinese goods in July in response to complaints that Beijing steals or pressures companies to hand over technology. Washington also imposed a 10 percent charge on $200 billion of Chinese goods. That was set to rise to 25 percent in January but Trump postponed it.

Beijing responded with tariff hikes on $110 billion of American goods. Trump has threatened to expand U.S. penalties to all goods from China.

Washington, Europe and other trading partners complain plans such as “Made in China 2025,” which calls for creating Chinese global champions in artificial intelligence, robotics and other fields, violate Beijing’s market-opening obligations.

Trump said Beijing committed to buy American farm goods and cut auto import tariffs as part of the tariff cease-fire. Chinese officials have yet to confirm details of the agreement.

China’s Commerce Ministry expressed confidence the two sides can reach a deal during the 90-day delay. That indicates Beijing sees resolving the conflict as too important to allow it to be disrupted by last week’s dramatic arrest in Canada of an executive of Huawei Technologies Ltd., one of China’s most prominent companies, on accusations of violating trade sanctions on Iran.

Big trade disputes

Private sector analysts say that there is little time to resolve sprawling conflicts that have bedeviled U.S.-Chinese trade for years. That suggests Beijing will need to find ways to persuade Trump to extend his deadline.

Also in November, China’s exports to the 28-nation European Union rose 11.4 percent over a year earlier to $35.9 billion, down from October’s 12 percent growth. Imports rose 13.2 percent to $24.4 billion.

China’s trade surplus with the EU widened by 6.4 percent over a year earlier to $11.5 billion.

From: MeNeedIt

African Cup of Nations Looking for New 2019 Site

There have been mixed reactions in Cameroon after the Confederation of African Football (CAF) withdrew the 2019 continental soccer event-hosting rights from the central African state. The government has described the CAF decision as “total injustice” while some people say the suspension should act as an eye opener for the government to solve the crisis that has destabilized the English speaking regions for more than two years.

Night shift workers transport roofing material and seats to the Olembe stadium on the outskirts of Cameroon’s capital, Yaounde. It is here the government of Cameroon had announced the opening and closing matches of the 2019 Africa Cup of Nations would take place.

Work supervisor Angel Thamin says they are working night and day so that the stadium should be ready by March 2019, three months before the official kickoff of the competition.

“For the main stadium, all the structure elements are here, almost a hundred percent,” he said. “When it comes to office ventilation as you can see, I mean, you know it is extremely advanced and the main stadium will be finished in terms of structures and as you can see now, it is not only foundations and columns, but you can see slabs that are ready.”

Issa Tchiroma, Cameroon government spokesperson and minister of communication says the government has instructed all companies working on infrastructure projects for the football feast to continue as if CAF had not stripped hosting rights from Cameroon.

“Cameroon has put in a creditable performance,” said Tchiroma. “It shall prove it to the entire world by completing with the same determination and on time, the construction of this modern infrastructure belonging to the Cameroonian people. Our country which has written the pages of African football in bold letters will not relent her effort in working with other African countries to develop football in our beloved Africa.”

Issa Tchiroma says Cameroon, a five-time African football champion, agreed to host the prestigious African event even though CAF decided to increase the size of the tournament from 16 to 24 teams without asking its opinion.

But during Friday’s extraordinary meeting of CAF’s executive committee in Accra, Ghana, the football body said the infrastructure was not ready. They also raised security concerns, especially in the restive English-speaking regions where armed conflicts have continued for more than two years, leading to the deaths of more than 1,200 civilians, fighters and military personnel, and leaving hundreds of thousands displaced.

Gladys Matute, a 24-year English-speaking Cameroonian says she is very okay with the decision to remove hosting rights from Cameroon until peace is negotiated in the restive regions.

“We cannot be hosting an event when we know that the two English speaking regions are not at peace,” she said. “They are killing people, so it is good for the president to come back and sit and talk with the Anglophone regions so that there should be some peace. Paul Biya should sit up and there should be some peace talks.”

Secondary school student Rose Ghani says she had expected CAF to withdraw the hosting rights a long time ago.

“We are not surprised because embassies have been refusing their citizens from traveling to Cameroon especially to the northwest and southwest,” she said. “And also we have the Boko Haram fight in the far north. Moreover, all the towns to host are suffering from insecurity. There is also fear that when the tournament will be going on the Ambazonian fighters might attack people in Yaounde.”

The 2019 finals will take place from June 15-July 13, a change from the traditional January period.

Cameroon had proposed five cities, Limbe, Bafoussam, Douala, Garoua and the capital Yaounde as competition venues.

CAF says it has initiated an urgent and open call for a new host.

 

 

 

From: MeNeedIt

Climate Talks Kick off in Poland With boost from G-20 Summit

Negotiators from around the world began two weeks of talks on curbing climate change Sunday, three years after sealing a landmark deal in Paris that set a goal of keeping global warming well below 2 degrees Celsius (3.6 degrees Fahrenheit).

 

Envoys from almost 200 nations gathered in Poland’s southern city of Katowice, a day earlier than originally planned, for the U.N. meeting that’s scheduled to run until Dec. 14.

 

Ministers and some heads of government are joining in Monday, when host Poland will push for a joint declaration to ensure a “just transition” for fossil fuel industries like coal producers who are facing closures as part of efforts to reduce greenhouse gas emissions.

 

The meeting received a boost over the weekend, after 19 major economies at the G-20 summit affirmed their commitment to the 2015 Paris climate accord. The only holdout was the United States, which announced under President Donald Trump that it is withdrawing from the climate pact.

 

“Despite geopolitical instability, the climate consensus is proving highly resilient,” said Christiana Figueres, a former head of the U.N. climate office.

 

“It is sad that the federal administration of the United States, a country that is increasingly feeling the full force of climate impacts, continues to refuse to listen to the objective voice of science when it comes to climate change,” Figures said.

 

She cited a recent expert report warning of the consequences of letting average global temperatures rise beyond 1.5 degrees C (2.7 degrees F).

 

“The rest of the G-20 have not only understood the science, they are taking actions to both prevent the major impacts and strengthen their economies,” said Figueres, who now works with Mission 2020, a group that campaigns to reduce greenhouse gas emissions.

 

The meeting in Katowice is regarded as a key test of countries’ willingness to back their lofty but distant goals with concrete measures, some of which are already drawing fierce protests . At the top of the agenda is the so-called Paris rulebook , which will determine how governments record and report their greenhouse emissions and efforts to cut them.

 

Separately, negotiators will discuss ramping up countries’ national emissions targets after 2020, and financial support for poor nations that are struggling to adapt to climate change.

 

The shift away from fossil fuels, which scientists say has to happen by 2050, is expected to require a major overhaul of world economies.

 

“The good news is that we do know a lot of what we need to be able to do to get there,” said David Waskow of the World Resources Institute.

 

Waskow, who has followed climate talks for years, said despite the Trump administration’s refusal to back this global effort the momentum is going in the right direction.

 

“It’s not one or two players anymore in the international arena,” he said. “It’s what I think you could call a distributed leadership, where you have a number of countries — some of them small or medium-sized — really making headway and doing it in tandem with cities and states and businesses.”

 

Later Sunday, protests were planned by environmental activists calling for an end to coal mining in Poland, which gets some 80 percent of its energy from coal. Katowice is at the heart of Poland’s coal mining region of Silesia and there are still several active mines in and around the city.

 

On Saturday, thousands of people marched in Berlin and Cologne to demand that Germany speed up its exit from coal-fired power plants.

From: MeNeedIt

Can Artificial Intelligence Make Doctors Better?

Teacher Rishi Rawat has one student who is not human, but a machine.

Lessons take place at a lab inside the University of Southern California’s (USC) Clinical Science Center in Los Angeles, where Rawat teaches artificial intelligence, or AI.

To help the machine learn, Rawat feeds the computer samples of cancer cells.

“They’re like a computer brain, and you can put the data into them and they will learn the patterns and the pattern recognition that’s important to making decisions,” he explained.

AI may soon be a useful tool in health care and allow doctors to understand biology and diagnose disease in ways that were never humanly possible.

​Doctors not going away

“Machines are not going to take the place of doctors. Computers will not treat patients, but they will help make certain decisions and look for things that the human brain can’t recognize these patterns by itself,” said David Agus, USC’s professor of medicine and biomedical engineering, director at the Lawrence J. Ellison Institute for Transformative Medicine, and director at the university’s Center for Applied Molecular Medicine.

Rawat is part of a team of interdisciplinary scientists at USC who are researching how AI and machine learning can identify complex patterns in cells and more accurately identify specific types of breast cancer tumors.

Once a confirmed cancerous tumor is removed, doctors still have to treat the patient to reduce the risk of recurrence. The type of treatment depends on the type of cancer and whether the tumor is driven by estrogen. Currently, pathologists would take a thin piece of tissue, put it on a slide, and stain with color to better see the cells.

“What the pathologist has to do is to count what percentage of the cells are brown and what percentage are not,” said Dan Ruderman, a physicist who is also assistant professor of research medicine at USC.

The process could take days or even longer. Scientists say artificial intelligence can do something better than just count cells. Through machine learning, it can recognize complicated patterns on how the cells are arranged, with the hope, in the near future of making a quick and more reliable diagnosis that is free of human error.

“Are they disordered? Are they in a regular spacing? What’s going on exactly with the arrangement of the cells in the tissue,” described Ruderman of the types of patterns a machine can detect.

“We could do this instantaneously for almost no cost in the developing world,” Agus said.

​Computing power improves

Scientists say the time is ripe for the marriage between computer science and cancer research.

“All of a sudden, we have the computing power to really do it in real time. We have the ability of scanning a slide to high enough resolution so that the computer can see every little feature of the cancer. So it’s a convergence of technology. We couldn’t have done this, we didn’t have the computing power to do this several years ago,” Agus said.

Data is key to having a machine effectively do its job in medicine.

“Once you start to pool together tens and hundreds of thousands of patients and that data, you can actually [have] remarkable new insight, and so AI and machine learning is allowing that. It’s enabling us to go to the next level in medicine and really take that art to new heights,” Agus said.

Back at the lab, Rawat is not only feeding the computer more cell samples, he also designs and writes code to ensure that the algorithm has the ability to learn features unique to cancer cells.

The research now is on breast cancer, but doctors predict artificial intelligence will eventually make a difference in all forms of cancer and beyond.

From: MeNeedIt

Can Artificial Intelligence Help Doctors Make Better Decisions?

With the help of artificial intelligence and machine learning, doctors may soon have new ways of diagnosing and treating patients in ways that were never humanly possible. Scientists at the University of Southern California in Los Angeles are developing a way of using machine learning to identify specific types of breast cancer tumors, and they say it’s just the beginning of what the computer can do. VOA’s Elizabeth Lee has the details from Los Angeles.

From: MeNeedIt

Court Artist Marilyn Church Documents History Through Sketches

Most courts in the U.S. do not allow cameras in the courtroom, so sketch artists are the only people able to illustrate the dramatic and sometimes historic events that happen during a trial. Sketch artist Marilyn Church has been documenting trials for more than four decades. Her portfolio includes the likes of gangster John Gotti and Mark David Chapman, who killed John Lennon. Anna Nelson met with Marilyn Church to talk about her work.

From: MeNeedIt

Suicide, Overdoses Help Cut US Life Expectancy

Suicides and drug overdoses helped lead a surge in U.S. deaths last year, and drove a continuing decline in how long Americans are expected to live.

Overall, there were more than 2.8 million U.S. deaths in 2017, or nearly 70,000 more than the previous year, the Centers for Disease Control and Prevention said Thursday. It was the most deaths in a single year since the government began counting more than a century ago.

The increase partly reflects the nation’s growing and aging population. But it’s deaths in younger age groups — particularly middle-aged people — that have had the largest impact on calculations of life expectancy, experts said.

The suicide death rate last year was the highest it’s been in at least 50 years, according to U.S. government records. There were more than 47,000 suicides, up from a little less than 45,000 the year before.

​A general decline

For decades, U.S. life expectancy was on the upswing, rising a few months nearly every year. Now it’s trending the other way: It fell in 2015, stayed level in 2016, and declined again last year, the CDC said.

The nation is in the longest period of a generally declining life expectancy since the late 1910s, when World War I and the worst flu pandemic in modern history combined to kill nearly 1 million Americans. Life expectancy in 1918 was 39.

Aside from that, “we’ve never really seen anything like this,’’ said Robert Anderson, who oversees CDC death statistics.

In the nation’s 10 leading causes of death, only the cancer death rate fell in 2017. Meanwhile, there were increases in seven others: suicide, stroke, diabetes, Alzheimer’s, flu/pneumonia, chronic lower respiratory diseases and unintentional injuries.

An underlying factor is that the death rate for heart disease, the nation’s No. 1 killer, has stopped falling. In years past, declines in heart disease deaths were enough to offset increases in some other kinds of death, but no longer, Anderson said.

The CDC’s numbers do sometimes change. This week, CDC officials said they had revised their life expectancy estimate for 2016 after some additional data came in.

What’s driving this?

CDC officials did not speculate about what’s behind declining life expectancy, but Dr. William Dietz, a disease prevention expert at George Washington University, sees a sense of hopelessness.

Financial struggles, a widening income gap and divisive politics are all casting a pall over many Americans, he suggested. 

“I really do believe that people are increasingly hopeless, and that that leads to drug use, it leads potentially to suicide,’’ he said.

Drug overdose deaths also continued to climb, surpassing 70,000 last year, in the midst of the deadliest drug overdose epidemic in U.S. history. The death rate rose 10 percent from the previous year, smaller than the 21 percent jump seen between 2016 and 2017.

That’s not quite a cause for celebration, said Dr. John Rowe, a professor of health policy and aging at Columbia University.

“Maybe it’s starting to slow down, but it hasn’t turned around yet,’’ Rowe said. “I think it will take several years.”

Accidental drug overdoses account for more than a third of the unintentional injury deaths, and intentional drug overdoses account for about a tenth of the suicides, said Dr. Holly Hedegaard, a CDC injury epidemiologist.

Other findings

The CDC figures are based mainly on a review of 2017 death certificates. The life expectancy figure is based on current death trends and other factors.

The agency also said:

A baby born last year in the U.S. is expected to live about 78 years and 7 months, on average. An American born in 2015 or 2016 was expected to live about a month longer, and one born in 2014 about two months longer than that.
The suicide rate was 14 deaths per 100,000 people. That’s the highest since at least 1975.
The percentage of suicides from drug overdose has been inching downward.
Deaths from flu and pneumonia rose by about 6 percent. The 2017-2018 flu season was one of the worst in more than a decade, and some of the deaths from early in that season appeared in the new death dates.
West Virginia was once again the state with the highest rate of drug overdose deaths. The CDC did not release state rates for suicides.
Death rates for heroin, methadone and prescription opioid painkillers were flat. But deaths from the powerful painkiller fentanyl and its close opioid cousins continued to soar in 2017.
The CDC did not discuss 2017 gun deaths in the reports released Thursday. But earlier CDC reports noted increase rates of suicide by gun and by suffocation or hanging.

From: MeNeedIt

Norway’s Magnus Carlsen Retains World Chess Title

Norway’s Magnus Carlsen has solidified his claim to be the greatest chess player in the world.

Carlsen beat Fabiano Caruana of the United States 3-0 Wednesday in a rapid-chess tiebreaker game at the world chess championships in London.

Carlsen and Caruana played to 12 draws in their series of championship matches that started Nov. 9, games that lasted as long as seven hours each.

They decided to settle the impasse in games of speed chess, in which each player is given just 25 minutes to try to beat his opponent.

After the long excruciating series of ties topped off by three speed games, Carlsen would only say that he had a “really good day,” while Caruana admitted that he “had a bad day.”

Carlsen takes home a $621,000 prize while Caruana pockets $508,000.

Carlsen has been the world chess champion since 2013, when he took the title from India’s Viswanathan Anand.

Caruana was hoping to become the first American to win the title since 1972, when Bobby Fischer defeated the Soviet Union’s Boris Spassky in a thrilling series of matches that made global headlines.

From: MeNeedIt

Trump Studying New Auto Tariffs After GM Restructuring

U.S. President Donald Trump said Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co. announced this week. 

 

Trump said on Twitter that the 25 percent tariff placed on imported pickup trucks and commercial vans from markets outside North America in the 1960s had long boosted U.S. vehicle production. 

 

“If we did that with cars coming in, many more cars would be built here,” Trump said, “and G.M. would not be closing their plants in Ohio, Michigan & Maryland.” 

 

The United States has a 2.5 percent tariff on imported cars and sport utility vehicles from markets outside North America and South Korea. The new North American trade deal exempts the first 2.6 million SUVs and passenger cars built in Mexico and Canada from new tariffs. 

 

Several automakers said privately on Wednesday that they feared GM’s action could prompt Trump to act faster than expected on new tariffs. 

 

GM did not directly comment on Trump’s tweets but reiterated that it was committed to investing in the United States. On Monday, the company said it would shutter five North American plants, stop building six low-selling passenger cars in North America and cut up to 15,000 jobs. The company has no plans to shift production of those vehicles to other markets. 

 

The administration has for months been considering imposing dramatic new tariffs on imported vehicles. 

 

The U.S. Commerce Department has circulated draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, Reuters reported earlier this month. 

 

“The President has great power on this issue – Because of the G.M. event, it is being studied now!” Trump said. 

 

Shock to industry

The prospect of tariffs of 25 percent on imported autos and parts has sent shock waves through the auto industry, with both U.S. and foreign-brand producers lobbying against it and warning that national security tariffs on EU and Japanese vehicles could dramatically raise the price of many vehicles. 

 

Trump has also harshly criticized GM for building cars in China. The United States slapped an additional 25 percent tariff on Chinese-made vehicles earlier this year, prompting China to retaliate. 

 

China currently imposes a 40 percent tariff on U.S. automobiles, while the United States has a 27.5 percent tariff on Chinese vehicles. 

 

U.S. Trade Representative Robert Lighthizer said in a statement on Wednesday that he “will examine all available tools to equalize the tariffs applied to automobiles.” 

 

Additional tariffs on Chinese-made vehicles and parts would have a limited impact, said Kristin Dziczek, an economist at the Center for Automotive Research. She noted only a small number of vehicles were exported from China to the United States annually. 

 

The White House previously pledged not to move forward with imposing national security tariffs on the European Union or Japan while it was making constructive progress in trade talks. 

 

Trump wants the EU and Japan to buy more American-made vehicles. He wants the EU and Japan to make trade concessions, including lowering the EU’s 10 percent tariff on imported vehicles and cutting nontariff barriers. 

 

The White House in recent weeks has reached out to the chief executives of German automakers, including Daimler AG, MW AG and Volkswagen AG about meeting to discuss the status of auto trade.  

From: MeNeedIt

Stocks Leap as Fed Chief Hints Interest Rate Increases May Taper Off

Federal Reserve Chair Jerome Powell boosted U.S. stock markets on Wednesday when he said interest rates were “just below” estimates of a level that neither brakes nor boosts a healthy economy. Many took his comments as a signal that the Fed’s three-year tightening cycle is ending. 

The S&P 500 and Dow posted their biggest percentage gains in eight months, while the Nasdaq saw its largest advance in just over a month following Powell’s speech to the Economic Club of New York. 

Powell said that while “there was a great deal to like” about U.S. prospects, “our gradual pace of raising interest rates has been an exercise in balancing risks.” 

Earlier in the day, in its first-ever financial stability report, the Fed cautioned that trade tensions, Brexit and troubled emerging markets could rock a U.S. financial system where asset prices are “elevated.” 

‘Close to neutral’

“[Powell is] now acknowledging he’s close to neutral, which suggests maybe not quite as many rate hikes in the future as investors believed,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. “It’s certainly a change of language and welcome news to investors.” 

The U.S. Commerce Department affirmed that U.S. GDP grew in the third quarter at a 3.5 percent annual rate, but the goods trade deficit widened, consumer spending was revised lower and sales of new homes tumbled, suggesting clouds are gathering over what is now the second-longest economic expansion on record. 

The Dow Jones industrial average rose 617.7 points, or 2.5 percent, to 25,366.43, the S&P 500 gained 61.61 points, or 2.30 percent, to 2,743.78 and the Nasdaq Composite added 208.89 points, or 2.95 percent, to 7,291.59. 

Of the 11 major sectors in the S&P 500, all but utilities were positive. Technology and consumer discretionary were the biggest percentage gainers, each up more than 3 percent. 

The S&P 500 Automobile & Components index was up 1.4 percent after President Donald Trump said he was studying new auto tariffs in the wake of General Motors Co.’s announcement that it would close plants and cut its workforce. 

Humana cuts forecast

Health insurer Humana Inc. cut its 2019 forecast for Medicare drug plan enrollment but upped its estimated enrollment in the company’s Medicare Advantage plan. Its stock ended the session up 6.2 percent. 

Salesforce.com Inc. beat analysts’ earnings estimates and forecast better-than-expected 2020 revenue, sending its shares up 10.3 percent. Other cloud software makers rose on the news, with the ISE Cloud Index gaining 3.5 percent. 

Microsoft Corp briefly surpassed Apple Inc. in market cap but Apple took back its lead by closing. Nevertheless, Microsoft closed 4.0 percent higher as it benefited from optimism regarding demand for cloud computing services. 

Among losers, Tiffany & Co. shares dropped 11.8 percent after the luxury retailer missed quarterly sales estimates on slowing Chinese demand. 

Advancing issues outnumbered declining ones on the NYSE by a 3.95-to-1 ratio; on Nasdaq, a 3.58-to-1 ratio favored advancers. 

The S&P 500 posted 17 new 52-week highs and six new lows; the Nasdaq Composite recorded 37 new highs and 129 new lows. 

Volume on U.S. exchanges was 8.04 billion shares, compared with the 7.82 billion-share average over the last 20 trading days. 

From: MeNeedIt