LIVE MARKET TRACKER :   BSE SENSEX   33455.79      |    NSE NIFTY 10322.25    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  International & World Stock  :  US markets closed higher on encouraging economic data

US markets closed higher on encouraging economic data (21-Apr-2017)

The US markets closed mostly higher on Thursday, with the Nasdaq closing at a record high, as investors welcomed a deluge of stronger-than-expected corporate earnings reports and economic data. Federal Reserve Governor Jerome Powell, speaking about capital markets and the economy, said now was a good time to review the raft of banking regulations put in place since the financial crisis.

On the economy front, the number of out-of-work people collecting unemployment checks fell to a 17-year low in April, underscoring the strongest US labor market in years. So-called continuing jobless claims fell by 49,000 to 1.98 million, marking just the second time they've fallen below 2 million during the current eight-year-old economic expansion. Continuing claims also dipped below the 2 million mark in March. The last time state unemployment offices sent out fewer checks to jobless Americans was in April 2000. Initial jobless claims, meanwhile, rose by 10,000 to a still-low 244,000 in the seven days stretching from April 9 to April 15. . The number of new applicants for unemployment benefits has registered less than 300,000 for 111 straight weeks, the longest streak since the early 1970s. The more stable monthly average of jobless claims was a touch lower at 243,000. They fell by 4,250 from the prior week.

Meanwhile, the gap between an index of leading and one of current economic indicators is at its highest since the eve of the recession - suggesting either a sharp upward turn in the economy is imminent, or that on a number of measures, confidence gauges have gotten ahead of themselves. The Conference Board on Thursday reported that its leading economic index rose 0.4% in March. More telling, perhaps, is that in the six-month period ending March, the leading economic index increased at a 4.9% annual rate, versus just the 1.9% annual rate of growth for what's called the coincident economic index. Separately, the manufacturing index from the Philadelphia Fed slid in April, but from high levels, suggesting slower growth in the factory sector after a postelection surge. The index fell to 22.0 from 32.8. It had hit a 33-year high of 43.3 in February and has receded every month since then. In April, the new orders reading slipped to 27.4 from 38.6, signaling future activity. The shipments gauge, which tracks current activity, was also slightly down, touching 23.4 after a 32.9 reading in March.

The Dow Jones Industrial Average added 174.22 points or 0.85 percent to 20,578.71, Nasdaq gained 53.75 points or 0.92 percent to 5,916.78, while S&P 500 ended higher by 17.67 points or 0.76 percent to 2,355.84.

The Indian ADRs closed mostly in green; Dr. Reddy's was up 0.22%, Tata Motors was up 0.18% and Wipro was up by 0.11%. On the other hand, ICICI Bank was down 0.22% and Infosys was down by 0.08%.


Top News Today
Tayo Rolls' workers file cases for payment of unpaid wages
(11-Dec-2017)

Tayo RollsTayo Rolls' workers have filed cases against the company for payment of their unpaid wages. The company has not been able to pay wages to its workmen due to paucity of funds. Tayo Rolls is a metal fabrication......click on news to read complete article.

Tata Motors to increase prices of Passenger Vehicles
(11-Dec-2017)

Tata Motors to increase prices of Passenger VehiclesTata Motors is planning to increase prices of its entire passenger vehicles range by up to Rs 25,000, starting January 2018. This increase in price is due to rising input costs. The introductory prices......click on news to read complete article.

Jet Airways to induct 25 narrow-body planes in next 3 years
(11-Dec-2017)

Jet Airways to induct 25 narrow-body planes in next 3 yearsJet Airways is planning to induct almost 25 narrow-body planes into its fleet over the next three years even as it is yet to take a call on the delivery schedule of the Boeing 787 planes. Jet Airways is......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(11-Dec-2017)

Asian markets trade higher in early deals on MondayAsian equity benchmark indices are trading higher in the early deals on Monday, lifted by encouraging employment data from the US that took the Standard & Poor's 500 Index to its third straight......click on news to read complete article.

US markets end at record highs on upbeat jobs data
(09-Dec-2017)

US markets end at record highs on upbeat jobs dataThe US markets traded with traction and ended near record high levels on Friday, as traders reacted positively to the closely watched monthly jobs report. The continued advance by stocks came following......click on news to read complete article.

US markets closed higher; S&P snaps four-day losing streak
(08-Dec-2017)

US markets closed higher; S&P snaps four-day losing streakThe US markets closed higher on Thursday, with the S&P 500 snapping a four-session losing streak on the back of gains in the technology, industrials and materials sectors. Traders focused on continued......click on news to read complete article.

 

     
  
Recent International & World Stock News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.