Апреля 24 2018


Markets Right Now: Technology leads stock surge; Dow up 600

Апреля 24 2018, 06:49 | Alonzo Simpson

Shares Rattled By Trade War Fears

Equity markets suffer steep losses amid trade and security instability

On this background, the oil prices have fallen.

The S&P 500 index fell 45 points, or 1.7 percent, to 2,612.

By the close, the Nasdaq fell 2.4%, the S&P 500 lost 2.1% and the Dow retreated 1.8%. The Russell 2000 index of smaller-company stocks picked up 15 points, or 1.1 percent, to 1,526.

Following the sell-off seen last week, stocks are likely to regain ground in early trading on Monday. The Nasdaq composite rose 18 points, or 0.3 percent, to 7,238.

On the currency front, the USA dollar is trading at 105.15 yen compared to the 105.56 yen it fetched at the close of NY trading on Friday. That prompted fears the spat might depress trade worldwide and set back the global economic recovery.

The boomerang came after statements by U.S. Treasury Secretary Steven Mnuchin that he was optimistic that the United States and China could avert a trade war.

A Treasury Department spokesperson declined to confirm the report. -China trade talks leading to easing tensions. It said American market-opening requests as a possible condition of a settlement covered the auto, finance and semiconductor industries.

Gold rose 5.10 dollars to 1,355 an ounce, silver gained 10 cents to 16.68 dollars an ounce, and copper slipped 2 cents to 2.97 dollars a pound. Banks also posted solid gains as bond yields rose.

After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading session on Tuesday. Natural gas added 3 cents to $2.62 per 1,000 cubic feet.

Читайте также: Children hospitalised after poisoned Russian spy 'gave them bread to feed ducks'

Lowe's climbed 6.6% after the home-improvement retailer said chairman and CEO Robert Niblock is retiring.

JD Sports will pay $13.50 per share in cash for Finish Line, representing a 28 percent premium over Finish Line's closing price on Friday.

Despite Nasdaq's rebound, Facebook declined for most of Monday as the social media powerhouse, with more than 2 billion monthly users, reeled from a crisis over data misuse, but climbed to break even for the day.

Technology stocks and banks, which took some of the worst losses last week, powered higher Monday. Last week, the 10-year yield fell sharply to 2.81% last week as investors sought safe haven from volatile stocks.

ENERGY: Benchmark U.S. crude added 17 cents to $65.72 a barrel in electronic trading on the New York Mercantile Exchange.

It came as the gold price added 0.36% to US$1, 360.60 an ounce and U.S. benchmark crude oil - slipped 0.59% to US$65.48 per barrel.

CURRENCIES: The dollar rose to 105.64 yen from 105.41 yen late Monday. The euro strengthened to $1.2455 from $1.2367. Britain's FTSE 100 gained 0.3 percent. South Korea's Kospi rose 0.6 percent.

Brent crude futures were down 58 cents at $69.89 a barrel. Wholesale gasoline lost 2 cents to $2.01 a gallon. Microsoft jumped 5.4 percent. The week ended with further steep losses in equity markets following those seen in February, making investors question whether such falls are merely a correction or something more fundamental to be anxious about.

The Chicago Fed National Activity Index increased to 0.88 in February, versus 0.02 in January.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог



Other news