Arab Today, arab today wall street rallies on european summit hopes
Last Updated : GMT 20:19:36
Arab Today, arab today
Arab Today, arab today

Wall Street rallies on European summit hopes

Arab Today, arab today

Arab Today, arab today Wall Street rallies on European summit hopes

New York - Xinhua

Wall Street rose on Wednesday, with the blue-chip Dow and the broader S&P 500 up in four of last five sessions, as investors were expecting a comprehensive resolution to euro zone\'s debt problems on the EU summit. The Dow Jones industrial average gained 162.42 points, or 1.39 percent, to 11,869.04. The Standard & Poor\'s 500 rose 12.95 points, or 1.05 percent, to 1,242.00. The Nasdaq Composite Index added 12. 25 points, or 0.46 percent, to 2,650.67. As the European leaders are meeting in Brussels, trying to achieve a definitive solution to the region\'s debt woes, news from Europe still set the tone for the U.S. market. Encouragingly, German lawmakers voted 503 to 89 with four abstentions in favor of leveraging the European bailout fund to make it more effective, which is believed to add to the chance for EU leaders to seal a deal during the meeting. Stocks got a lift in afternoon trading, pushing major indexes to session highs, after a report said China has agreed to invest in Europe\'s bailout fund. With more and more details revealed about the possible plan, the gains in equities hold to the last minute. According to headlines coming from Europe, European leaders intended to multiply their rescue fund fourfold to one trillion euros and press Greece\'s creditors to accept losses of over 50 percent on their bond holdings, but the details of their plan to end the debt crisis are still not fully formed. Wednesday\'s positive economic data added to the gains in the market. According to the Commerce Department, demand for long- lasting manufactured goods recorded their largest gain in six months in September, suggesting the U.S. economy was gaining some momentum. Data showed that durable goods orders excluding transportation component rose 1.7 percent after falling by a revised 0.4 percent in August, much bigger than the 0.4 percent rise anticipated by the market. Meanwhile, a separate report showed sales of new homes rose in September after four straight monthly declines. Among stocks in focus, Boeing jumped nearly 4.5 percent after the aircraft maker reported better-than-expected quarterly results while Amazon slumped more than 12 percent after the online retailer cut its forecasts for the quarter.  

arabstoday
arabstoday

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 rallies on european summit hopes Arab Today, arab today wall street rallies on european summit hopes

 



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 rallies on european summit hopes Arab Today, arab today wall street rallies on european summit hopes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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