Arab Today, arab today wall street rallies on expectations of continued qe
Last Updated : GMT 08:07:11
Arab Today, arab today
Arab Today, arab today

Wall Street rallies on expectations of continued QE

Arab Today, arab today

Arab Today, arab today Wall Street rallies on expectations of continued QE

New York - XINHUA

U.S. stocks rose Thursday as a batch of lackluster economic data suggested the Federal Reserve may sustain its bond purchases. The blue-chip Dow Jones Industrial Average gained 21.73 points, or 0.14 percent, to 15,324.53 points. The broader S&P 500 was up 6. 05 points, or 0.37 percent, to 1,654.41 points. The tech-rich Nasdaq Composite Index jumped 23.78 points, or 0.69 percent, to 3, 491.30 points. Wall Street opened mixed following a more than 5-percent slump in the Japanese stock market on Thursday, which sent the 225-issue Nikkei Stock Average to its lowest level in about one month. However, the market rebounded modestly afterwards, as investors speculated that the Fed may not retreat from its quantitative easing soon based on tepid economic data. In the week ending May 25, the advance figure for seasonally adjusted initial claims for unemployment claims was 354,000, an increase of 10,000 from the previous week\'s upward revised figure of 344,000, the Labor Department said Thursday. The figure was much higher than economists\' forecast of rising to 345,000. Separately, the U.S. real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the first quarter of 2013, slightly down from an initial estimate of 2.5 percent, said the Commerce Department in its \"second\" estimate of the GDP. Pending home sales in the world\'s largest economy ticked up 0.3 percent in April to 106.0 from 105.7 in March, as gains in the Northeast and Midwest were offset largely by declines in the West and South, according to the National Association of Realtors. In corporate news, shares of Costco Wholesale Corporation reversed earlier gains to drop 0.95 percent to 111.88 U.S. dollars a share, after the company reported a 19-percent jump in profits in its third fiscal quarter. MidAmerican Energy Holdings Company, a subsidiary of Warren Buffett\'s Berkshire Hathaway Inc., announced Wednesday in a joint statement that it will acquire Las Vegas-based NV Energy in a multi-billion-dollar deal. NV Energy shares surged 22.51 percent to 23.62 dollars a share. On other markets, oil price on Thursday bounced back from a slump in the previous day, though U.S. commercial crude oil inventories jumped to a record high last week. The U.S. crude supplies climbed 3 million barrels to 397.6 million in last week, hitting the highest level since the start of the weekly data in 1982, according to the Energy Information Agency. Light, sweet crude for July delivery gained 48 cents, or 0.51 percent, to settle at 93.61 dollars a barrel on the New York Mercantile Exchange. Brent for July delivery went down 24 cents, or 0.23 percent, to close at 102.19 dollars a barrel. The U.S. dollar continued falling against major currencies Thursday. In late New York trading, the euro rose to 1.3045 dollars from 1.2935 dollars of the previous session and the British pound increased to 1.5219 dollars from 1.5124 dollars. The Australian dollar climbed to 0.9669 dollars from 0.9635 dollars. The dollar bought 100.95 Japanese yen, lower than 101.15 yen of the previous session. It edged down to 0.9536 Swiss francs from 0. 9633 Swiss francs and went down to 1.0301 Canadian dollars from 1. 0356 Canadian dollars of the previous trading day. The most active gold contract for August delivery scored their highest settlement in more than two weeks as a weaker dollar, disappointing U.S. data and strong physical demand in Asia lift prices above 1,400 dollars an ounce.

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 expectations of continued qe Arab Today, arab today wall street rallies on expectations of continued qe

 



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 expectations of continued qe Arab Today, arab today wall street rallies on expectations of continued qe

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
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 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
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 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 Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

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