Arab Today, arab today us stocks rise amid mixed data
Last Updated : GMT 20:46:41
Arab Today, arab today
Arab Today, arab today

US stocks rise amid mixed data

Arab Today, arab today

Arab Today, arab today US stocks rise amid mixed data

Wall Street
New York - XINHUA

U.S. stocks rose Friday on a rebound in healthcare and technology stocks, amid a mixed bag of economic data from the country.

The Dow Jones Industrial Average gained 183.54 points, or 1.03 percent, to 18,024.06. The S&P 500 was up 22.78 points, or 1.09 percent, to 2,108.29. The Nasdaq increased 63.97 points, or 1.29 percent, to 5,005.39.

The gains in U.S. shares came maid data showing that construction spending fell in March to a six-month low, while ISM data showed manufacturing growth held at its slowest in almost two years in April.

The manufacturing ISM index came out at 51.5 in April, unchanged from the previous month. Construction spending data for March showed a decline of 0.6 percent.

A jump in consumer sentiment in April, however, and robust jobless-claims report suggested the economy was finding some footing.

A majority of the 10 major U.S. S&P indexes were higher ,with the health and tech indexes both snapping 2-day losing streaks. Apple shares were higher. Gilead Sciences' share rose 4.5 percent after its profit soared thanks to sales of its two key hepatitis C drugs.

Expedia stock also gained 7.9 percent after posting better-than- expected first-quarter revenue.

In the week ended April 25, the advance figure for seasonally adjusted initial jobless claims was 262,000, a decrease of 34,000 from the previous week's revised level, the U.S. Labor Department said Thursday. The latest reading was the lowest level in 15 years.

U.S. stocks dropped Thursday as a spate of downbeat corporate results and mixed economic data revealed a recent downshift in the U.S. economy.

U.S. real gross domestic product (GDP) increased at an annual rate of 0.2 percent in the first quarter this year, according to an advanced estimate released by the U.S. Commerce Department on Wednesday. The first quarter GDP showed a sharp slowdown from the fourth quarter's 2.2-percent pace and below expectations of 1- percent growth.

In other markets, oil prices fell on Friday as investors took profit following the two-day sharp rise.

Light, sweet crude for June delivery lost 48 cents to settle at 59.15 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 32 cents to close at 66.46 dollars a barrel.

The U.S. dollar bounced back from nine-week lows on Friday amid mixed economic data from the country.. In late New York trading, the euro dropped to 1.1192 dollars from 1.1253 dollars in the previous session, and the British pound decreased to 1.5133 dollars from 1.5352 dollars in the previous session. The U.S. dollar bought 120.28 Japanese yen, higher than 119.34 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange fell for a third straight session on Friday as U.S. equities and the dollar bounced back, putting pressure on the precious metal.

The most active gold contract for June delivery lost 7.9 dollars, or 0.67 percent, to settle at 1,174.5 dollars per ounce.

 

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*

Arab Today, arab today us stocks rise amid mixed data Arab Today, arab today us stocks rise amid mixed data

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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