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US stocks open higher, Dow Jones jumps more than 100 points

2019-07-23 02:27 pm | Resource: News | No Views : 31

الأسهم الأمريكية تفتح على ارتفاع ، داو جونز يقفز أكثر من 100 نقطة

Wall Street opened in the Green Zone on Tuesday as companies continued to release second-quarter earnings, including Pyong, Coca-Cola and United Technologies. Across the Atlantic, Boris Johnson defeated Jeremy Hunt in the Conservative leadership race to put him in the lead to succeed Teresa May as prime minister of the United Kingdom. In other news, investors digested US housing data for May, which rose 0.1% but still failed to top market expectations.

US home price index up 0.1% in May

The Federal Housing Finance Agency (FHFA) said on Tuesday that the seasonally adjusted monthly CPI for home prices in the US rose by 0.1% in May compared to the previous month, slightly below market expectations.

The relevant housing price index rose 5% year-on-year. Estimates of the monthly change in the prices of the nine census sections from April 2019 to May 2019 ranged from -1% in the SEA section to 0.5% positive in the South Atlantic division. The 12-month changes were positive, ranging from 3.6% in the south western central section and 6.7% in the mountain section.
  • On an annual basis, house prices rose by 5% compared to May 2019.

Existing home sales in the US fell 1.7% in June

Existing home sales in the United States fell by 1.7% in June from a month ago to a seasonally adjusted annual rate of 5.27 million, the National Association of Realtors (NAR) said in a report on Tuesday.
  • The Dow Jones Industrial Average opened 0.44% or 120 points on the back of Apple's gains.
  •  While the Nasdaq 100 gained 0.50% after Hasbro jumped 9.42%.
  • Meanwhile, the S & P 500 rose 0.36%.

The euro fell 0.39% against the dollar to trade at 1.1165 at 9:29 am Eastern time, while the British pound fell 0.29% against the dollar to go at 1.2439 at the same time.


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