Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets close higher for third session on Monday

21-Aug2018

US markets close higher for third session on Monday

Magnifying their up move for third straight session, the US markets ended higher on Monday, as a pair of billion-dollar deals reaffirmed confidence that the US economy continues its steady expansion. Optimism that progress would be made toward resolving contentious trade disputes between the US and China also bolstered sentiment. Stocks remained buoyed following a report on Friday that negotiators from the US and China were mapping out talks with the aim of resolving the trade dispute by November. Such an outcome would remove a huge overhang of uncertainty over the markets. Further, a resurgence in deal-making activity also buoyed sentiment in several sectors.

However, markets trimmed their gains just ahead of the closing bell, after private report that President Donald Trump escalated his criticism of Fed Chairman Jerome Powell and higher interest rates. Besides, this week will see the imposition of 25% tariffs on $16 billion worth of Chinese imports, an action by the Trump administration that China has said it would retaliate against. Looking ahead, Wednesday will see the release of minutes from the Federal Reserve's most recent meeting, which could provide insight into the central bank's thinking in terms of policy changes.

Dow Jones Industrial Average gained 89.37 points or 0.35 percent to 25758.69, the S&P 500 added 6.92 points or 0.24 percent to 2857.05 and Nasdaq was up by 4.68 points or 0.06 percent to 7821.01.


Related News

View all news

US markets end marginally lower on Wednesday

The US markets ended marginally lower on Wednesday as traders digested a mixed batch of earnings reports from big-name companies such as PepsiCo (PEP), Morgan Stanley (MS), Netflix (NFLX) and IBM Corp.......

US Markets end higher on Tuesday

The US markets ended higher on Tuesday following a round of better than expected corporate earnings. UnitedHealth reported better than expected first quarter results and raised its full-year earnings guidance.......

Asian markets trade mostly higher in early deals on Wednesday

Asian equity benchmarks are trading mostly higher in the early deals on Wednesday, followed by the optimism as the reports pointed that China's economy grew more than expected in the first three months......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......