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US stocks end higher amid trade optimism
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IANS | 14 Aug, 2019
Bouncing back from the steep losses of the previous day, US stocks
closed higher, as the market was supported by easing US-China trade
tensions.
The Dow Jones Industrial Average increased 372.54
points, or 1.44 per cent, to 26,279.91 on Tuesday. The S&P 500 was
up 42.57 points, or 1.48 per cent, to 2,926.32. The Nasdaq Composite
Index increased 152.95 points, or 1.95 per cent, to 8,016.36, Xinhua
reported.
Shares of JD.com surged nearly 12.9 per cent, after the
Chinese e-commerce giant reported second-quarter revenue that topped
market expectations, boosted by its robust sales growth in e-commerce.
The
overwhelming majority of the 30 blue-chip stocks in the Dow extended
gains around market close, with shares of Apple rallying over 4.23 per
cent, leading the gainers.
Shares of widely-seen trade
bellwethers Intel and Cisco Systems rose over 2.72 per cent and 2.29 per
cent, respectively, among the best performers.
Semiconductor
stocks, also sensitive to US-China trade relations, jumped around the
closing bell, with the Philadelphia Semiconductor Index up 2.95 per
cent.
All of the 11 primary S&P 500 sectors traded higher
around market close, with the information technology sector up nearly
2.5 per cent, leading the gainers.
On the economic front, US
Consumer Price Index increased 0.3 per cent in July on a seasonally
adjusted basis after rising 0.1 per cent in June, the US Bureau of Labor
Statistics said Tuesday.
Increases in the indexes for gasoline
and shelter were the major factors in the seasonally adjusted all items
monthly increase. Over the last 12 months, the all items index increased
1.8 per cent before seasonal adjustment.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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