Arab Today, arab today us stocks surge despite crises in ukraine gaza
Last Updated : GMT 13:41:47
Arab Today, arab today
Arab Today, arab today

US stocks surge despite crises in Ukraine, Gaza

Arab Today, arab today

Arab Today, arab today US stocks surge despite crises in Ukraine, Gaza

Traders work in New York stock exchange
New York - AFP

US stocks surged higher Friday as strong Google earnings and a large pharmaceutical deal offset worries about worsening international crises in Ukraine and Gaza.
The Dow Jones Industrial Average jumped 123.37 points (0.73 percent) to 17,100.18.
The broad-based S&P 500 powered up 20.10 (1.03 percent) to 1,978.22, while the tech-rich Nasdaq Composite Index leaped by 68.70 (1.57 percent) to 4,432.15.
Friday's gains in the Nasdaq more than counterbalanced the losses from Thursday in the wake of the crash of a Malaysia Airlines passenger plane in the conflict zone of eastern Ukraine. All three indices finished with gains for the week.
"Investors are continuing to embrace risk and buy every dip," said David Levy, portfolio manager at Kenjol Capital Management.
"Many investors fear missing out on the bull market," said Gregori Volokhine, president of Meeschaert Capital Markets.
Google shot up 3.7 percent as second-quarter earnings rose six percent to $3.42 billion on a 22 percent increase in revenues behind more "paid clicks."
Drug maker AbbVie sealed a tax-cutting $54 billion takeover deal with Dublin-based Shire Pharmaceuticals as it plans to switch its tax base to Britain to avoid higher US taxes. AbbVie rose 2.6 percent.
Meanwhile, the United States on Friday built a case that pro-Moscow separatists downed a Malaysian airliner in Ukraine with a surface-to-air missile, killing all 298 people on board -- with the possible technical assistance of Russians.
And Israel warned of a wider Gaza assault as the Palestinian death count reached 289 on the 11th day of its campaign.
Many technology stocks rose, including Apple (+1.4 percent), Amazon (+1.8 percent) and Facebook (+3.0 percent), all of which report earnings next week.  
Dow component General Electric finished 0.6 percent lower as earnings of 39 cents per share matched analyst expectations on revenues that came in slightly below analyst forecasts.
Logistics firm FedEx was charged by a federal grand jury with shipping prescription drugs and controlled substances for illegal Internet pharmacies, but nevertheless advanced 0.6 percent.
Airlines, which were punished Thursday following the Malaysia Airlines crash, rallied. American Airlines (+2.9 percent), Delta Air Lines (+1.7 percent) and United Continental (+2.1 percent) all rose.
Bond prices were mixed. The yield on the 10-year US Treasury rose to 2.48 percent from 2.47 percent Thursday, while the 30-year held steady at 3.29 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 surge despite crises in ukraine gaza Arab Today, arab today us stocks surge despite crises in ukraine gaza

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
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 UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4
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 Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 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 Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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