Arab Today, arab today us stocks gain on ecb stimulus pharma deal
Last Updated : GMT 15:10:36
Arab Today, arab today
Arab Today, arab today

US stocks gain on ECB stimulus, pharma deal

Arab Today, arab today

Arab Today, arab today US stocks gain on ECB stimulus, pharma deal

US stocks
New York - AFP

US stocks Thursday snapped a two-day losing streak, finishing higher on news of European monetary stimulus and a $21 billion pharmaceutical merger.
The Dow Jones Industrial Average rose 38.82 points (0.21 percent) to 18,135.72.
The broad-based S&P 500 rose 2.51 (0.12 percent) to 2,101.04, while the tech-rich Nasdaq Composite Index gained 15.67 (0.32 percent) at 4,982.81.
The European Central Bank announced it would launch Monday a 1.1-trillion-euro ($1.2 trillion) bond-buying program. The ECB also raised its growth forecasts for the 19-nation eurozone.
Shares of pharma company AbbVie fell 5.7 percent after it announced it would buy leukemia drug maker Pharmacyclics in the latest big pharma deal. Pharmacyclics jumped 10.3 percent.
Several other pharmaceutical stocks rose, including Biogen (+2.8 percent), Celgene (+1.0 percent) and Regeneron Pharmaceuticals (+3.9 percent).
The US Department of Labor is scheduled to release the February jobs report Friday morning. Analysts expect the US added 240,000 jobs during the month and that the unemployment rate dipped to 5.6 percent from 5.7 percent.
Big box retailer Costco Wholesale rose 2.7 percent after reporting a 29 percent rise in profits on a four percent gain in sales in the quarter through February 15.
Grocery chain Kroger advanced 6.7 percent on a 23 percent rise in profit in the fourth quarter through January 31. The company predicted 3-4 percent sales growth for this year.
Bond prices were mixed. The yield on the 10-year US Treasury fell to 2.11 percent from 2.12 percent, while the 30-year rose to 2.72 percent from 2.71 percent. Bond prices and yields move inversely.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks gain on ecb stimulus pharma deal Arab Today, arab today us stocks gain on ecb stimulus pharma deal

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday