us stocks rally as ukraine worries abate
Last Updated : GMT 07:56:49
Arab Today, arab today
Arab Today, arab today

US stocks rally as Ukraine worries abate

Arab Today, arab today

Arab Today, arab today US stocks rally as Ukraine worries abate

US stocks
New York - XINHUA

U.S. stocks held decent gains Monday, as geopolitical tensions in Ukraine eased and economic data came out better than expected.
The Dow Jones Industrial Average surged 175.83 points, or 1.06 percent, to 16,838.74. The S&P 500 climbed 16.68 points, or 0.85 percent, to 1,971.73. The Nasdaq Composite Index jumped 43.39 points, or 0.97 percent, to 4,508.31.
The market continued to stage a relief rally after major indices closed in green territory last week when geopolitical tensions in Ukraine and Gaza had shown signs of ebbing.
Wall Street had suffered a correction amid geopolitical tensions after the benchmark S&P 500 hit a record high in late July.
The foreign ministers of Germany, France, Russia and Ukraine met in Berlin during the weekend to discuss the Ukraine crisis. German Foreign Minister Frank-Walter Steinmeier said early Monday that some progress was made in the "difficult" quadrilateral talks.
Russian Foreign Minister Sergei Lavrov said Monday after the meeting that all the issues regarding the delivery of humanitarian aid to Ukraine had been solved, but no progress had been made toward a ceasefire.
On the economic front, U.S. home builder confidence in August rose for a third straight month to the highest level since January. The National Association of Home Builder/Wells Fargo said Monday that the Housing Market Index for August rose two points to 55 in the market for newly built, single family homes, beating market consensus.
Corporate merger and acquisition news also boosted market sentiment. Discount retailer Dollar General announced Monday it has made a proposal to acquire Family Dollar Stores, Inc. for 78. 50 U.S. dollars per share in cash, higher than Dollar Tree's offer in a bid to buy Family Dollar.
Dollar General's shares soared 11.63 percent to 64.14 dollars apiece while Family Dollar's shares rose 4.93 percent to 79.81 dollars apiece.
Major data scheduled for release this week include the July consumer price index. An uptick in the inflationary gauge could spark fears among investors for an earlier-than-expected rate hike from the Federal Reserve.
U.S. wholesale prices rose 0.1 percent in July as expected, indicating that inflationary pressure remained benign.
Investors are also looking to the minutes of the Fed's latest policy meeting due out Wednesday afternoon, as well as Fed Chair Janet Yellen's speech on the labor market at the Federal Reserve Bank of Kansas City's economic symposium in Jackson Hole, Wyoming, later this week.
The CBOE Volatility Index, widely considered as Wall Street's fear gauge, tumbled 6.31 percent to end at 12.32 on Monday.
In other markets, crude prices retreated Monday as market concerns over the disruption of crude output by Iraq unrest diminished. Light, sweet crude for September delivery moved down 94 cents to settle at 96.41 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery lost 1. 93 dollars to close at 101.6 dollars a barrel
Gold futures on the COMEX division of the New York Mercantile Exchange dropped Monday as investor appetite for the safe-haven asset weakened amid eased Ukraine tension. The most active gold contract for December delivery fell 6.9 dollars, or 0.53 percent, to settle at 1,299.3 dollars per ounce.
The U.S. dollar strengthened moderately against most major currencies Monday on encouraging U.S. housing data. In late New York trading, the euro fell to 1.3360 dollars from 1.3397 dollars of the previous session, and the greenback bought 102.58 Japanese yen, higher than 102.35 yen of the previous session.

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

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*

us stocks rally as ukraine worries abate us stocks rally as ukraine worries abate

 



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*

us stocks rally as ukraine worries abate us stocks rally as ukraine worries abate

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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