Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets closed higher on Monday

12-Dec2017

US markets closed higher on Monday

The US markets closed higher on Monday, with the S&P 500 index and Dow industrials closing at records on the back of a rally in telecommunications and technology shares. Wall Street shrugged off news of a terrorism incident in the heart of New York City earlier in the session, which resulted in no fatalities. Investors mostly looked ahead to the Federal Reserve's two-day monetary-policy meeting, which is slated to conclude Wednesday. The central bank is largely expected to deliver its third, and last, interest-rate hike for 2017.

On the economy front, the number of job openings in the country fell to a hair under 6 million in October from a record 6.18 million in the prior month. About 5.55 million people were hired and 4.85 million lost their jobs. The share of people who left jobs on their own, known as the quits rate, was unchanged at 2.4% among private-sector employees. It was 2.2% if government workers are included. The decline in job openings was concentrated in the wholesale business, financial companies and information-related work such as media and public relations. Openings for maids, waiters and construction workers rose, but not enough to counter the decline elsewhere. The US has created almost 17.5 million jobs since 2010 to slash the unemployment rate to a nearly 17-year low of 4.1%.

The Dow Jones Industrial Average added 56.87 points or 0.23 percent to 24,386.03, the Nasdaq gained 34.997 points or 0.51 percent to 6,875.08, while the S&P 500 edged higher by 8.49 points or 0.32 percent to 2,659.99.



Related News

View all news

Asian markets trade mostly in green on Thursday

Most of the Asian markets are trading in green on Thursday, following the mostly positive cues overnight from Wall Street as investors set aside concerns over a full-blown global trade war between US and......

US markets end mostly higher on Wednesday

The US markets ended mostly higher on Wednesday as investors increased bets on a favorable outcome in the trade dispute between the United States and China. Besides, a jump in bank stocks in response to......

US markets end higher on Tuesday

The US markets ended higher on Tuesday, as traders shrugged off concerns about the escalating trade war between the U.S. and China. Traders seemed to be expressing relief that the rates of tariffs the......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......