Breaking News

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

12-Sep2018

US markets end higher on Tuesday

The US markets ended in green on Tuesday with the Dow climbing by over 100 points, as energy and telecommunications rallied. Telecommunications were among the best performers while the energy sector got a lift from strong crude oil prices. Tech shares were also notable gainers with megacaps Apple, Facebook, and Microsoft Corp all rising sharply. The gain for Dow component Apple came a day ahead of the company's annual iPhone event, which could also see the company announce upgrades to other products, including a likely debut for a new version of the Apple Watch.

However, there was cautiousness in the markets as investors continued to watch the situation between the US and China after President Donald Trump recently threatened China with fresh tariffs. The latest move by Trump would impact an additional $267 billion in Chinese goods, coming on top of an already-proposed $200 billion in tariffs. China has vowed to retaliate and plans to ask the World Trade Organization next week for permission to impose sanctions on the US for Washington's noncompliance with a ruling in a dispute over US dumping duties.

Dow Jones Industrial Average rose 113.99 points or 0.44 percent to 25971.06, the S&P 500 added 10.76 points or 0.37 percent to 2887.89 and Nasdaq was up by 48.31 points or 0.61 percent to 7972.47.


Related News

View all news

US markets end in green after earnings reports

The US markets ended higher on Wednesday following a batch of strong earnings reports. Tech giant IBM Corp. (IBM) posted a standout gain after reporting fourth quarter results that beat estimates and providing......

US markets end lower as growth concerns resurface

The US markets ended lower on Tuesday on renewed concerns about global growth and the US-China trade war. The International Monetary Fund (IMF) said the global expansion is weakening at a rate that is......

US markets extend gains on optimism about trade leads

Extending gains for fourth straight session, the US markets ended sharply higher on Friday, with gains of over a percent each, as traders continued to express optimism about trade talks between the US......

Top News

View all news

Power Finance sanctions Rs 7,785-crore term loan for Telangana irrigation project

Power Finance Corporation (PFC) has sanctioned a Rs 7,785-crore term loan in two packages for the Kaleshwaram irrigation project in Telangana. The project envisages irrigation facilities for an ayacut......

Surya Roshni incorporates WOS company

Surya Roshni  has incorporated a wholly owned subsidiary (WOS) namely Surya Roshni Led Lighting Projects, having Registered office at New Delhi (India) on January 21, 2019 vide Certificate of......

Spice Mobility incorporates foreign subsidiary in Nepal

Spice Mobility has incorporated 'Digispice Nepal', a 100% foreign subsidiary of the company, in Nepal. The main object of the company is to operate in the information technology industry and provide software......