Breaking News

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

25-Jan2019

US markets end mostly higher on Thursday

The US markets ended mostly higher on Thursday after a wave of better-than-expected corporate earnings was balanced against fears around softening global economic conditions. Some support also came in on report that the Labor Department showed initial jobless claims fell to their lowest level in almost fifty years in the week ended January 19. The report said initial jobless claims slid to 199,000, a decrease of 13,000 from the previous week's revised level of 212,000. The drop surprised participants, who had expected jobless claims to rise to 220,000 from the 213,000 originally reported for the previous week. With the unexpected decrease, jobless claims fell to their lowest level since hitting 197,000 in November of 1969.

However, gains remain capped, suggesting US economic growth may slow down this year, the Conference Board released a report showing a modest decrease by its index of leading US economic indicators in the month of December. The Conference Board said its leading economic index edged down by 0.1 percent in December after rising by 0.2 percent in November. The slight drop by the index matched street estimates. The modest decrease by the leading index reflected negative contributions from stock prices, the ISM New Orders Index and building permits.

Nasdaq gained 47.69 points or 0.68 percent to 7073.46 and S&P 500 was up by 3.63 points or 0.14 percent to 2642.33, while Dow Jones Industrial Average declined 22.38 points or 0.09 percent to 24553.24.


Related News

View all news

US markets end marginally higher on Tuesday

The US markets ended marginally higher on Tuesday as another round of US-China trade talks began in Washington. President Donald Trump said the US-China trade talks are going very well and once again hinted......

US markets end significantly higher on optimism about US-China trade talks

The US markets ended significantly higher on Friday amid increasing hopes for a US-China trade deal. As per the report, officials from both the US and China will continue trade talks next week in Washington,......

US markets end lower on weak retail sales

The US markets ended mostly in red on Thursday after a report from the Commerce Department unexpectedly showed a substantial decrease in retail sales in December, increasing the appeal of safe havens like......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......