The US stock market experienced a strong recovery and secured investors and economist after a dramatic drop that occurred last Thursday.
Earnings from Caterpillar Inc and 3M Inc surpassed what most analysts had projected and contributed to much of the stocks rebound. Caterpillar is up 4.96 percent due to an increase in commercial construction and higher sales of construction equipment in the US. 3M, a company behind a wide range of products also rose 5.35 percent.
The DOW Jones Industrial Average climbed 261.38 points, 1.6 percent to 16,722. The S&P 500 index gained 29.9 points, or 1.5 percent, to 1,956. The S&P 500 has now risen five times in the past six days. The Nasdaq Composite Index added 78.13 points, or 1.7 percent, to 4,460.
Some analysts believe the improved performance is contributed to the plateau of oil prices that stopped falling. Additionally, concerns over Ebola have mellowed after the people incubated in Dallas were cleared.
Crude oil rose .93 percent to USD 81.45 a barrel. While gold fell 1.32 percent to USD 1,229.10 an ounce.
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 ©
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