U.S. stocks got a boost Thursday as investors listened to testimony from Federal Reserve (Fed) Chair Janet Yellen and dug into the earnings of some troubled retailers. In U.S. economic news, Yellen testified before the Senate Banking Committee. She blamed recent lackluster economic data on unusually bad weather, but said it is difficult to pinpoint exactly what effect the weather had on the economy overall. In international economic news, investors were keeping a close eye on the tension in Ukraine. European markets finished the day mixed as traders fretted about the formation of a new Ukrainian government and its increasingly dire economic situation. Asian markets also ended with mixed results. In corporate news, shares of J.C. Penney surged more than 25 percent after the retailer reported a narrower-than-expected quarterly loss and said it expects same-store sales to rise by 3 percent to 5 percent during the current quarter. Best Buy shares ended in the red after initially jumping by more than 5 percent. The electronics retailer reported quarterly earnings that had returned to profit from earlier losses. Tesla shares initially got a boost after the automaker announced it was raising $1.6 billion to fund its expansion plans. But shares pulled back and finished the day slightly lower. Shares of eBay rose after Carl Icahn issued a letter criticizing the two members of the internet commerce giant's board of directors for alleged conflicts of interest. It was the activist investor's second letter on the subject this week. The dollar lost ground against the pound, but gained ground versus the euro and the yen. Light sweet crude oil for April delivery dropped 19 cents to $102.40 a barrel on the New York Mercantile Exchange. Gold futures added $3.80 to $1,331.80 an ounce. The Dow Jones industrial average climbed 74.24, or 0.46 percent, to 16,272.65. The broader Standard & Poor's 500 index moved up 9.13, or 0.49 percent, to 1,854.29. The technology-heavy Nasdaq composite index rose 26.87, or 0.63 percent, to 4,318.93.
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 ©
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