Arab Today, arab today us stocks gain on reports of new chinese stimulus
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

US stocks gain on reports of new Chinese stimulus

Arab Today, arab today

Arab Today, arab today US stocks gain on reports of new Chinese stimulus

New York Stock Exchange
New York - AFP

Wall Street stocks posted solid gains Tuesday following reports of a new Chinese stimulus plan as investors awaited Wednesday's US Federal Reserve monetary policy announcement.
The Dow Jones Industrial Average jumped 100.83 points (0.59 percent) to 17,131.97.
The broad-based S&P 500 gained 14.85 (0.75 percent) to 1,998.98, while the tech-rich Nasdaq Composite Index rose 33.86 (0.75 percent) to 4,552.76.
Analysts attributed the rally to reports that the People's Bank of China is providing $81.4 billion in liquidity to China's five largest banks.
"There's a report that the Chinese central bank is boosting its stimulus program," said Jack Ablin, chief investment officer at BMO Private Bank.
"That, combined with a perception that the Fed may not be in a hurry to raise interest rates," moved markets, he said.
Apple fell 0.8 percent following reports that its new iPhone models may not be available in China until 2015.
Oil companies rallied as US oil prices jumped nearly $2 a barrel. Dow member ExxonMobil rose 1.2 percent, while ConocoPhillips advanced 1.7 percent.  
Las Vegas Sands (-1.6 percent) and Wynn Resorts (-0.5 percent) fell on a dreary outlook for the gaming industry in Macau, where both firms have casinos. The Macau Business Daily said gaming revenues fell five percent between June and August compared with last year, labeling the 2014 period "the summer to forget."
Health insurance company Humana surged 3.7 percent as it unveiled a $2 billion share repurchase authorization plan.
Botox-maker Allergan rose 1.0 percent as it reached an agreement with Valeant Pharmaceuticals and activist fund Pershing Square Capital Management over the terms of a special shareholder vote on Valeant's unsolicited offer for Allergan. Allergan continues to oppose the deal.
Bond prices were mixed. The yield on the 10-year US Treasury held steady at 2.59 percent, while the 30-year advanced to 3.35 percent from 3.34 percent Monday. Bond prices and yields move inversely.

 

arabstoday
arabstoday

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 reports of new chinese stimulus Arab Today, arab today us stocks gain on reports of new chinese stimulus

 



Arab Today, arab today

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 reports of new chinese stimulus Arab Today, arab today us stocks gain on reports of new chinese stimulus

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new 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