US stocks barreled higher Tuesday, propelled by talk of broader monetary stimulus in Europe and a strong Apple earnings report that helped lift the Nasdaq by more than 100 points.
At the closing bell, the Dow Jones Industrial Average stood at 16,613.94, up 214.27 points (1.31 percent).
The broad-based S&P 500 rose 37.06 (1.95 percent) to 1,941.07, while the tech-rich Nasdaq Composite Index gained 103.40 (2.40 percent) to 4,419.48.
Apple, the biggest US company by market capitalization, rose 2.7 percent as fourth-quarter profits jumped 13 percent to $8.5 billion on strong iPhone sales.
US stocks also gained momentum from speculation that the European Central Bank could widen its bond-buying initiatives to corporate bonds. The chatter lifted France's CAC 40 and other European bourses by more than 2.0 percent.
The norm in markets currently is for big swings in the indices, said Michael James of Wedbush Securities.
"The volatility we've had is only going to perpetuate more volatility," he said.
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