U.S. Stocks Firmly Up In Positive Territory; Nasdaq Rises Nearly 2 Percent

RTTNews | 1130 ngày trước
U.S. Stocks Firmly Up In Positive Territory; Nasdaq Rises Nearly 2 Percent

(RTTNews) - U.S. stocks are up firmly in positive territory Thursday afternoon with traders building up fresh positions amid hopes the central bank would gradually lighten its policy later this year.

Among the major averages, the Dow has pared some gains, while the S&P 500 and the Nasdaq are posting new highs for the day.

The Dow is up 237.10 points or 0.76 percent at 31,274.78. The S&P 500 is up 47.25 points or 1.23 percent at 3,892.33, while the Nasdaq is up 225.03 points or 1.98 percent at 11,586.88.

The minutes from the Federal Reserve's June meeting said the members of the central bank said there would be another 50 or 75-basis point move in the July meeting.

The minutes also said that the participants continued to anticipate that ongoing increases in the target range for the federal funds would be appropriate to achieve the monetary policy committee's objectives.

Still, Fed officials have acknowledged that higher rates might have a "larger-than-anticipated" impact on growth and are of the view that an increase of 50 or 75 basis points would likely be appropriate at the policy meeting in July.

Technology, energy and financials shares are among the major gainers in the market.

Caterpillar is gaining more than 4 percent. Boeing, Nike, Apple and Chevron are up 2 to 3 percent.

JP Morgan, IBM, Salesforce.com and American Express are also up with strong gains.

Shares of GameStop Corp are soaring more than 13 percent as the video game retailer's board approved a four-for-one stock split.

South Korean firm Samsung Electronics' better-than-expected earnings in the second quarter has buoyed up shares of Intel, Qualcomm and Nvidia.

In economic news, data released by the Commerce Department shows U.S. trade deficit narrowed to $85.5 billion in May of 2022, from $87.1 billion a month earlier.

Exports were up 1.2 percent or $3.0 billion in May from a month earlier, to $255.9 billion, while imports increased to $341.4 billion in May from $339.5 billion in April.

Data from the Labor Department showed initial jobless claims rose to 235,000 in the week ended July 2nd. On a non-seasonally adjusted basis, initial claims rose by 11,919 from the previous week to 219,507.

read more
Sensex, Nifty Give Up Early Gains

Sensex, Nifty Give Up Early Gains

Indian shares gave up early gains to trade on a flat note Monday amid escalating trade tensions with the United States.
RTTNews | 4h 21phút trước
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks
RTTNews | 5h 31phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid increasing optimism about the US Fed cutting interest rate in August based on last week's weak economic data. Traders shrugged off concerns about the economic impact of US President Donald Trump's "reciprocal tariffs" targeting more than 90 trading partner nations.
RTTNews | 5h 35phút trước
Indonesia Bourse May Add To Its Winnings On Monday

Indonesia Bourse May Add To Its Winnings On Monday

The Indonesia stock market on Friday snapped the two-day slide in which it had slipped more than 25 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may extend its gains on Monday.
RTTNews | 7h 18phút trước
Higher Open Called For Hong Kong Stock Market

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,850-point plateau although it may bounce higher again on Monday.
RTTNews | 7h 33phút trước