LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
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 Friday

US markets closed higher on Friday (17-Mar-2018)

The US markets closed modestly higher on Friday, with the S&P 500 breaking a four-day losing streak after mostly upbeat economic data, though major indexes still suffered hefty weekly declines. Worries over the potential for global trade tensions and turmoil surrounding the Trump administration were seen keeping a lid on the upside. On the economy front, the number of job openings in the US surged to a record 6.3 million in January, showing that businesses are still eager to hire nearly nine years into an economic expansion that still appears to have plenty of momentum. About 5.6 million people were hired and 5.4 million lost their jobs in January. The share of people who left jobs on their own, known as the quits rate, was unchanged at 2.5% among private-sector employees. That number has barely budged in the past year but it's at a post-recession high, evidence that more workers feel secure enough to leave one job for another. Typically workers who move end up getting better pay. Separately, the University of Michigan consumer-sentiment index rose to 102 in March from 99.7 in February. That's the highest reading in 14 years. All of the gain in the sentiment index was driven by households with incomes in the bottom third of the distribution on a better assessment of current conditions.

Meanwhile, industrial production surged 1.1% in February, the strongest gain since last October. Manufacturing, construction and the energy sector had strong gains, more than offsetting a drop in utility output. Manufacturing output jumped 1.2% in February, the biggest gain since October. Mining output rose 4.3%, helped by strong oil and gas extraction and coal mining. The index for oil and gas extraction was about 12% higher than a year ago and was at a record level. Utility output slumped 4.7% on warmer-than-normal temperatures. Auto production rose 3.9% in February, after a 0.2% decline in the prior month. Excluding autos, manufacturing was up 1%. Output of construction equipment rose by 2.3%. Capacity utilization jumped to 78.1% in February from 77.4% in the prior month. This is the highest level since January 2015.

However, construction on new houses fell 7% in February, but housing starts are still close to a post-recession high and builders show no sign of slowing down. Housing starts declined to an annual rate of 1.24 million last month from a revised 1.33 million in January. The rate of construction in January was the highest since 2008. Permits to build new houses, meanwhile, slipped 5.7% to 1.3 million. They are still sharply higher compared to a year ago, however.

The Dow Jones Industrial Average added 72.85 points or 0.29 percent to 24,946.51, the Nasdaq gained 0.247 points to 7,481.99, while the S&P 500 was up by 4.68 points or 0.17 percent to 2,752.01. 


Top News Today
Future Enterprises gets nod to raise funds up to Rs 1,500 crore
(26-May-2018)

Future Enterprises gets nod to raise funds up to Rs 1,500 croreFuture Enterprises has received its board's approval to raise funds by issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,500 crore in one or more tranches within a period......click on news to read complete article.

IFCI recovers Rs 280 crore from Bhushan Steel
(26-May-2018)

IFCI recovers Rs 280 crore from Bhushan SteelIFCI has recovered Rs 280 crore from debt-ridden Bhushan Steel under the insolvency process. The company also received over 5.79 lakh equity shares of Bhushan Steel, having face value of Rs 2 per share.IFCI......click on news to read complete article.

Sun Pharma reports 7% rise in Q4 consolidated net profit
(26-May-2018)

Sun Pharma reports 7% rise in Q4 consolidated net profitSun Pharmaceutical Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 83.30% in its net profit at Rs 176.26 crore for the quarter ended......click on news to read complete article.

International Stock News
US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end lower on Thursday
(25-May-2018)

US markets end lower on ThursdayThe US markets ended in red terrain on Thursday, as geopolitical worries hovered over markets after Trump called off the summit that was set to take place June 12 in Singapore. The cancellation followed......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.