Arab Today, arab today us stocks in broad rally
Last Updated : GMT 05:46:11
Arab Today, arab today
Arab Today, arab today

US stocks in broad rally

Arab Today, arab today

Arab Today, arab today US stocks in broad rally

New York - AFP

Some buoyant data on consumer confidence and the manufacturing sector gave Wall Street a solid bump higher Thursday after Wednesday\'s flat reopening following the Hurricane Sandy shutdown. The data trumped another mixed bag of earnings and dull forecasts for the coming months from companies like ExxonMobil and Pfizer. The Dow Jones Industrial Average finished solidly higher at 13,232.62, a gain of 136.16 points (1.04 percent). The broad-based S&P 500 rose 15.43 (1.09 percent) to 1,427.59, while the Nasdaq added 42.83 (1.44 percent) at 3,020.06. \"A slew of positive economic reports complemented better-than-expected reads on manufacturing activity out of China to give US equities a much-needed boost today,\" Charles Schwab & Co. analysts said. The encouraging economic indicators lifted investor sentiment ahead of Friday\'s keenly awaited October jobs report, the final snapshot of the economy before the November 6 election. The markets jumped higher on a gain in consumer confidence: the Conference Board index for October rose to 72.2 in October, up from a revised 68.4 in September and better than forecasts. Also helping was a slight rise in the ISM\'s purchasing manager index for the industrial sector, to 51.7 percent from September\'s 51.5 percent reading. And the auto industry reported that sales continued to climb in October, even as Hurricane Sandy curbed sales on the heavily populated northeastern coast on the last three days of the month. General Motors shares rose 0.7 percent and Ford climbed 0.8 percent. Each company\'s shares had rocketed higher on Wednesday after they turned in better-than-expected quarterly earnings. On the 30-stock Dow, 26 stocks ended in positive territory, led by Bank of America, up 4.5 percent, and Microsoft, up 3.5 percent. Caterpillar gained 2.8 percent helped by a promising rise in China\'s purchasing managers index. ExxonMobil was up 0.5 percent after beating forecasts with a 7 percent fall in earnings. Wal-Mart was the biggest blue-chip laggard, down 2.1 percent, followed by Pfizer, down 1.3 percent after the drug maker disappointed with a 14 percent fall in net income and lowered guidance for the rest of the year. Bond prices slipped: the 10-year US Treasury yield rose to 1.72 percent from 1.69 percent late Wednesday, and the 30-year rose to 2.90 percent from 2.85 percent. Prices move inversely to yields.

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 in broad rally Arab Today, arab today us stocks in broad rally

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st female Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st female Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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