Breaking News

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


US markets end higher on Monday

The US markets ended higher on Monday, as investors continued to weigh solid earnings against repercussions of retaliatory tariffs from trading partners and their impact on markets. The positive surprises in the earnings season are strong and that's helping the overall sentiment in the market. The biggest take away from this earnings season is that 'tax cuts were clearly a positive for the bottom line but ... the top line has also been good.' Investors came into this earnings season with high hopes, as street had forecast year-over-year profits to grow by 20 percent in the second quarter. So far, second-quarter earnings have grown by 24 percent through Friday. Besides, Technology and consumer discretionary stocks led the gains. Facebook rose on reports that the social media giant is in talks with banks to incorporate users' financial information into Messenger.

However, trade-related worries lingered as the US continued to clash with its global counterparts over tariffs. Last week, China announced tariffs on $60 billion of US products in response to the US' planned 25% tariffs on $200 billion of Chinese imports. On Sunday, President Donald Trump stated that tariffs are working big time.

Dow Jones Industrial Average surged 39.60 points or 0.16 percent to 25502.18, the S&P 500 gained 10.05 points or 0.35 percent to 2850.40 and Nasdaq was up by 47.66 points or 0.61 percent to 7859.68.

Related News

View all news

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......

US markets end lower on Thursday; Dow Jones down over 500 points

The US markets extended their losses for second straight day to end the session in red on Thursday with the Dow Jones Industrial Average losing over 500 points, as traders remained concerned about the......

Top News

View all news

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated 'Ashiana Umang' as 'Best Themed Project' and the company's website as the 'Best Real Estate Website of the year'.Ashiana Umang......

Tata Power inaugurates second 'All-women' CRC in Mumbai

Tata Power has inaugurated its second 'All Women' Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new......

McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the......