U.S. stocks opened mildly up on Monday, boosted by a rally of Japanese stocks and lingering positive sentiment among investors after last week's U.S. non-farm payroll data. The 225-issue Nikkei Stock Average closed up 636.67 points, or 4.94 percent on Monday, marking the biggest point gain since October 2008, as a tepid U.S. non-farm payroll survey in May fueled investors' expectation that the U.S. Federal Reserve will maintain its quantitative easing for the time being. The U.S. non-farm payroll employment increased by 175,000 in May, and the unemployment rate ticked up 0.1 percentage point to 7.6 percent in May, according to data released last Friday by the U.S. Labor Department. The market was also underpinned by an upgrade of the U.S. government's rating outlook by the Standard & Poor's Ratings Services on Monday. The rating agency revised up its outlook on the U.S. long-term rating to stable from negative, saying the move indicated its "current view that the likelihood of a near-term downgrade of the rating is less than one in three." However, a sharp decline in China's exports in May capped Wall Street's gain. China's exports in May inched up merely 1 percent year on year in May from a 14.7 percent increase in April, while imports decline 0.3 percent in May from a 16.8-percent gain in the prior month, according to official data released over the weekend. With no major U.S. data due on Monday, investors are keeping an eye on a speech by St. Louis Fed President James Bullard on global economy. The Federal Reserve will hold its monetary policy meeting next week. Shortly after the opening bell, the Dow Jones Industrial Average rose 22.56 points, or 0.15 percent, to 15,270.68 points. The S&P 500 edged up 2.44 points, or 0.15 percent, to 1,645.82 points. The Nasdaq Composite Index added 2.93 points, or 0.08 percent, to 3,472.15 points.
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