U.S. stocks accelerated jumping Friday, with major stock indices poised to finish the week on a positive note before a long holiday weekend, as upbeat April new home sales pointed to a bright housing market. In midday, the Dow Jones Industrial Average rose 52.24 points, or 0.32 percent, to 16,595.32. The broader S&P 500 increased 6.38 points, or 0.34 percent, to 1,898.87. The Nasdaq Composite Index jumped 18.92 points, or 0.46 percent, to 4,173.26. Following a two-day winning streak, Wall Street opened marginally higher before adding gains on better-than-expected new home sales. U.S. sales of new single-family houses in April stood at a seasonally adjusted annual rate of 433,000, 6.4 percent above the revised March rate of 407,000, the Commerce Department reported Friday. The reading easily surpassed market consensus. Despite the rally, trading volume is expected to remain low, as investors are reluctant to make a big move ahead of the long Memorial Day weekend and are awaiting more stimulus that could support the market, with the blue-chip Dow and the broader S&P 500 inching closer to its record highs set on May 13. When coming to an end, the latest corporate earnings season had fared better than analysts had expected previously, which had helped lift major indices to record highs. So far, 97 percent of the S&P 500 companies, or the 487 companies, have reported first- quarter earnings, among which 68.2 percent had beaten market expectations, while 52.8 percent had topped analyst expectations on revenue side. On corporate earnings side, Hewlett-Packard Co shares rose 6.23 percent to trade at 33.76 dollars apiece in midday, a day after the company posted results for its fiscal second quarter. The personal computer maker posted adjusted earnings of 88 cents per share, in line with market expectations, while its quarterly sales were slightly below estimates.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor