Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end abbreviated session with modest gains

25-Nov2017

US markets end abbreviated session with modest gains

The US markets ended the abbreviated trading session with marginal gains on Friday. Trading activity remained subdued, however, as many traders remained away from their desks following the holiday. An early close on Wall Street also contributed to the light trading. Traders remained on sidelines ahead of congressional testimony which may attract attention next week, as the Senate Banking Committee is due to hold a confirmation hearing for Federal Reserve Chair nominee Jerome Powell. Current Fed Chair Janet Yellen is also scheduled to testify on the economic outlook before the Congressional Joint Economic Committee. Also, market participants opted to stay away from risky assets ahead of reports on new home sales, consumer confidence, personal income and spending, and manufacturing activity which may also attract attention next week.

The Dow Jones Industrial Average gained 31.81 points or 0.14 percent to 23,557.99, the S&P 500 jumped 5.34 points or 0.21 percent to 2,602.42, while the Nasdaq was up by 21.80 points or 0.32 percent to 6,889.16.


Related News

View all news

US markets end lower on Monday

The US markets ended a choppy trading session on negative note on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of......

US markets end higher on Friday

The US markets ended higher on bargain hunting with the major averages bouncing off the multi-month closing lows set on Thursday. The substantial rebound by stocks also came as strong Chinese trade data......

Asian markets trade mostly in green in early deals on Friday

Most of the Asian markets are trading in green in early deals on Friday as US stock futures recovered in Asian trades after media reports indicated that the US Treasury Department has not labelled China......

Top News

View all news

Shalimar Paints lays down foundation of Nashik manufacturing plant

Shalimar Paints has laid down the foundation of a manufacturing unit to be rebuilt in Nashik, in the state of Maharashtra. The company set to commence operations by April 2019 with a planned production......

Delta Corp reports 11% rise in Q2 consolidated net profit

Delta Corp has reported results for second quarter ended September 30, 2018.The company has reported over 2-fold jump in its net profit at Rs 63.51 crore for the quarter under review as compared to Rs......

PNB plans to sell non-core assets worth Rs 8,600 crore during FY19

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile,......