SME Times is powered by   
Search News
Just in:   • SMEs optimistic about their recovery: Survey  • Credit shell facility can't be availed by travel agents: Centre  • Jio partners with AeroMobile for in-flight mobile connectivity  • Higher exports to help pharma eke out 8-9% growth this fiscal  • Forex reserves rise over $3 billion 
Last updated: 08 Nov, 2019  

NYSE.Thmb.jpg Wall Street closes higher on US-China trade optimism

NYSE.jpg
   Top Stories
» SMEs optimistic about their recovery: Survey
» Higher exports to help pharma eke out 8-9% growth this fiscal
» Forex reserves rise over $3 billion
» S&P affirms India's sovereign ratings to 'BBB-'
» ECLGS: Banks sanction Rs 1.77 lakh cr to MSMEs
IANS | 08 Nov, 2019
US stocks closed higher, as Wall Street remained optimistic for a potential approach to ease lingering US-China trade tensions while the latest jobs data also lent support.

The Dow Jones Industrial Average was up 182.24 points, or 0.66 per cent, to 27,674.80 on Thursday. The S&P 500 rose 8.40 points, or 0.27 per cent, to 3,085.18. The Nasdaq Composite Index rose 23.89 points, or 0.28 per cent, to 8,434.52, Xinhua reported.

The majority of the 30 blue-chip stocks in the Dow traded higher around market close, with shares of trade bellwethers Boeing and Caterpillar climbing 1.47 per cent and 1.04 per cent, among the best performers.

Chip stocks, normally sensitive to trade, also notched gains, with the Philadelphia Semiconductor Index rising 0.7 per cent.

Among big corporate names, Micron Technology and Advanced Micro Devices saw their shares advancing 1.51 per cent and 0.97 per cent respectively.

Six of the 11 primary S&P 500 sectors traded higher around the closing bell, with the energy sector up 1.43 per cent, leading the winners.

Shares of Qualcomm rose 6.32 per cent, after the US semiconductor and telecommunications equipment company reported third-quarter earnings that topped analysts' estimates, as boosted by its licensing operation.

On the economic front, US initial jobless claims fell to 211,000 in the week ending November 2, down 8,000 from the previous week's revised level, the US Labor Department said Thursday.

The 4-week moving average was 215,250, an increase of 250 from the previous week's revised level.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 Sep, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter