U.S. stocks opened higher on Wednesday as investors believed that possibility for the Federal Reserve to raise interest rates in September becomes lower after the soft private payroll data.
U.S. private sector employment increased by 185,000 jobs from June to July, well below market consensus of 210,000, according to the June ADP National Employment Report released Wednesday.
The ADP figure is watched closely as a pre-indicator for the nonfarm payrolls data due Friday. Analysts thought that a soft ADP report could give the Federal Reserve an excuse to postpone rate hikes until December.
Meanwhile, the country's international trade deficit in goods and services increased from a revised level of 40.9 billion U.S. dollars in May to 43.8 billion dollars in June, largely in line with market estimates, said the U.S. Commerce Department Wednesday.
Shortly after the opening bell, the Dow Jones Industrial Average added 41.73 points, or 0.24 percent, to 17,592.42. The S&P 500 rose 11.87 points, or 0.57 percent, to 2,105.19. The Nasdaq Composite Index gained 30.58 points, or 0.60 percent, to 5,136.13.
On Tuesday, U.S. stocks declined for the third straight session as investors digested a batch of corporate earnings reports.
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