Arab Today, arab today us stocks rise on better economic data
Last Updated : GMT 18:13:39
Arab Today, arab today
Arab Today, arab today

US stocks rise on better economic data

Arab Today, arab today

Arab Today, arab today US stocks rise on better economic data

New York - AFP

US stocks Thursday snapped a three-day losing streak, catalyzed by stronger Chinese trade data and better sentiment on the European economy. The Dow Jones Industrial Average gained 27.65 (0.18 percent) at 15,498.32. The broad-based S&P 500 tacked on 6.57 (0.39 percent) to 1,697.48, while the tech-rich Nasdaq Composite rose 15.12 (0.41 percent) to 3,669.12. Hugh Johnson, chief executive of Hugh Johnson Advisors, said the market was primed for a jump after notching three straight declines. Chinese trade data for July showed that exports increased 5.1 percent year-on-year to $186.0 billion, while imports rose 10.9 percent to $168.2 billion, revealing some ongoing strength in the Chinese economy. Johnson also cited remarks from European Central Bank President Mario Draghi that the European economy appeared to be stabilizing and fresh German trade data that showed a pickup in exports. These were \"a catalyst for an oversold bounce,\" Johnson said. Dow component Microsoft rose 2.6 percent after Evercore Partners upgraded the stock to \"buy.\" Evercore cited a solid outlook for some key divisions and said very low expectations for PC-related revenues have been priced in, according to Barrons.com. Electric car manufacturer Tesla soared 14.3 percent after reporting a 20 cents per share profit, compared with an expected loss by analysts of 19 cents per share. Online coupon company Groupon powered 21.6 percent higher after announcing a $300 million share repurchase program, and naming cofounder Eric Lefkofsky as its next chief executive. Miner Freeport-McMoRan Copper & Gold picked up 4.7 percent after copper prices rose on the better Chinese data. Barrick Gold Corp. rose 10.0 percent. Dow component Caterpillar, whose sales of heavy equipment are also heavily leveraged on trends in the mining industry, gained 1.9 percent on the better outlook for metals demand from China. JPMorgan Chase, another Dow component, gave up 0.9 percent after disclosing that it faces civil and criminal investigations over its sale of mortgage-backed securities. Slumping retailer JC Penney shot up 6.7 percent on reports that the company is searching for a new chief executive in response to pressure from activist investor Bill Ackman. Telecommunications company CenturyLink dropped 5.6 percent after lowering its 2013 earnings forecast due to a bigger decline in some data services and slower growth in data hosting revenues. Bond prices rose. The yield on the 10-year US Treasury slipped to 2.59 percent from 2.60 percent, while the 30-year fell to 3.67 percent from 3.69 percent. Bond prices and yields move inversely.

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 on better economic data Arab Today, arab today us stocks rise on better economic data

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 09:55 2017 Wednesday ,01 March

Europe and Asia are regions to watch

GMT 09:42 2017 Wednesday ,01 March

Trump fiscal policy faces big test

GMT 16:35 2017 Tuesday ,28 February

Muscat Stock Index Drops 15.96 Points

GMT 16:15 2017 Tuesday ,28 February

Tokyo Stocks Close Down Monday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
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