Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end mostly higher as investors gear up for new earnings season

09-Apr2019

US markets end mostly higher as investors gear up for new earnings season

The US markets ended mostly higher on Monday as investors geared up for a new earnings season. Financial giants JPMorgan Chase (JPM) and Wells Fargo (WFC) due to report their quarterly results before the start of trading on Friday. However, upside remain capped on the heels of recent strength, with the major averages pulling back following the notable upward move seen last week.  Lingering concerns about a slowdown in the pace of global economic growth inspired traders to cash in on the recent gains. Meanwhile, investors were also awaiting concrete progress on US-China trade negotiations which will be symbolically concluded with a meeting between President Donald Trump and his Chinese counterpart Xi Jinping.

On the economic front, new orders for US manufactured goods fell by slightly less than expected in the month of February, according to a report released by the Commerce Department. The report said factory orders dropped by 0.5% in February after coming in virtually unchanged in January. Street had expected orders to slide by 0.6%. The decrease in factory orders came as orders for durable goods tumbled by 1.6%, more than offsetting a 0.6% increase in orders for non-durable goods. Excluding a 4.5% nosedive in orders for transportation equipment, factory orders rose by 0.3% in February after edging down by 0.1% in January. The Commerce Department also said shipments of manufactured goods rose by 0.4% in February after slipping by 0.3% in the previous month.

Nasdaq gained 15.19 points or 0.19 percent to 7953.88 and S&P 500 was up by 3.03 points or 0.10 percent to 2895.77, while Dow Jones Industrial Average declined 83.97 points or 0.32 percent to 26341.02.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......