Arab Today, arab today wall street holds modest gains on upbeat housing data
Last Updated : GMT 03:36:41
Arab Today, arab today
Arab Today, arab today

Wall Street holds modest gains on upbeat housing data

Arab Today, arab today

Arab Today, arab today Wall Street holds modest gains on upbeat housing data

New Yourk - XINHUA

U.S. stocks eked out slight gains after a seesaw trading session Wednesday amid encouraging housing data. The Dow Jones Industrial Average rose 18.75 points, or 0.12 percent, to 16,198.41. The S&P 500 advanced 0.04 point, or less than 0.01 percent, to 1,845.16. The Nasdaq Composite Index moved up 4.48 points, or 0.10 percent, to 4,292.06. Record closing high continued to elude the S&P 500, while the Nasdaq set a fresh high in about 14 years. Posting a modest advance at the open, the market accelerated rising after the U.S. Commerce Department reported that new home sales surged 9.6 percent in January to a seasonally adjusted annual rate of 468,000 units, the highest since July 2008, far exceeding market consensus. However, the market gave up most of its earlier gains as investors took a breather after continued rebounding on Wall Street recently. In corporate news, U.S. home improvement retailer Lowe's Companies on Wednesday reported a 6.3-percent increase in net earnings for the fourth quarter, and its quarterly sales also rose 5.6 percent to 11.7 billion U.S. dollars. Lowe's shares climbed 5. 43 percent to 50.72 dollars apiece. Meanwhile, shares of Target Corporation soared 7.04 percent to 60.49 dollars, as the U.S. retailer published adjusted fourth- quarter profit that beat analysts' expectations before the opening bell. However, Target said its results "softened meaningfully" following a data breach in December. Shortly after the closing bell, J. C. Penney reported a narrower-than-expected loss in the fourth quarter and issued positive sale guidance in the first quarter. The troubled retailer 's shares ticked up in after-hours trading. Investors are also looking forward to U.S. Federal Reserve Chair Janet Yellen's postponed testimony before the Senate Banking Committee, due on Thursday. The CBOE Volatility Index, widely considered as a fear gauge of the market, climbed up 4.97 percent to end at 14.35 Wednesday. In other markets, the U.S. dollar rose across the board as encouraging U.S. housing data raised expectations that the Fed will keep reducing its bond purchases. In late New York trading, the euro fell to 1.3684 dollars from 1.3743 dollars of the previous session. The greenback bought 102. 46 Japanese yen, higher than 102.17 yen of the previous session. Oil prices rose Wednesday as U.S. crude supplies increased less than expected last week. Light, sweet crude for April delivery moved up 76 cents to settle at 102.59 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery gained 1 cent to close at 109.52 dollars a barrel. U.S. crude stockpiles rose 0.1 million barrels to 362.4 million barrels last week, according to Energy Information Administration (EIA), missing market expectation of a 1.28-million-barrel increase. Gold futures dropped on the COMEX division of the New York Mercantile Exchange, the first drop in the past four gold trading sessions. The most active gold contract for April delivery dropped 14.7 dollars, or 1.09 percent, to settle at 1,328 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 wall street holds modest gains on upbeat housing data Arab Today, arab today wall street holds modest gains on upbeat housing data

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

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

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
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 Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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