Main Quotes Calendar Forum
flag

FX.co ★ US stock indices hit fresh highs

back back next
Forex Humor:::2018-09-01T17:15:26

US stock indices hit fresh highs

US equities rallied to fresh highs following Fed Chair Jerome Powell’s remarks regarding the support of gradual approach to raising interest rates.

The US major stock indices, the S&P 500 and the Nasdaq Composite index, again reached record highs. The S&P 500 went up by 0.9% in the week, while the Nasdaq Composite added 1.7%, and Dow Jones rose by 0.5%. The Dow Jones Industrial Average rose by 0.52% to settle at 25,790.35. The S&P 500 increased by 0.62% to 2,744.69, while the Nasdaq climbed by 0.86% to 7,945.98.

In addition to the Federal Reserve chairman’s statements, welcomed by market players, strong corporate reports backed US stocks.

Shares of Autodesk Inc., the largest software manufacturer, went up by 15%. The company's financial results for the second quarter of 2018 exceeded expectations. Meanwhile, Netflix Inc.'s shares, a popular streaming video service, rose by 5.8% after analysts raised their outlook. Shares of Spectra Energy, a leading US energy producer, advanced by 3.6%.


Share this article:
back back next
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...