Breaking News

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


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

US markets end higher on trade optimism

The US markets ended higher on Wednesday as traders keep up hope that the US and China will make progress on resolving their trade dispute. The strength on markets came in after President Donald Trump......

US markets end mostly lower on Tuesday

The US markets ended mostly lower on Tuesday after a contentious fight between President Donald Trump and Democratic leadership over border security. Trump threatened to shut down the government if more......

US markets end marginally higher on Monday

The US markets ended marginally higher on Monday as traders went bargain hunting after the early weakness extended the sell-off seen last week. Further, some support also came in as renewed confidence......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......