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US stocks price open higher as earnings season continues

2019-07-26 01:47 pm | Resource: News | No Views : 65

US stocks price open higher as earnings season continues

Wall Street opened in green on the last day of the week as companies continued to release second-quarter earnings, including Twitter, Philips 66 and McDonald's. In other news, the US GDP slowed from 3.1% in May to an annual rate of 2.1% in the second quarter of 2019, which was greater than expected. Investors also waited to calculate the number of days of Baker Hughes oil later in the day.

US GDP rises 2.1% in second quarter

GDP growth in the United States slowed from 3.1% in May to an annual rate of 2.1% in the second quarter of 2019, more than expected, according to the "Presenter" report from the Bureau of Economic Analysis.
  • The report pointed out that the slowdown in GDP growth reflects a decline in investment in stocks, exports and fixed non-residential investment.
  • Personal consumption expenditure (PCE), as well as federal government expenditure, increased. The consumer price index rose to 2.3% in the quarter, from 0.4%. Excluding food and energy prices, the increase was 1.8%.
  • Personal income in the United States rose 4.9% to a total of $ 193.4 billion, while personal savings fell from $ 1.37 trillion to $ 1.32 trillion on a quarterly basis.

US Stocks Open
  • The Dow Jones Industrial Average was up 0.12% with Caterpillar. Best performance
  • While the Nasdaq 100 rose 0.81%, where shares fell Fapita. Up 8.98% after a strong second-quarter earnings report on Thursday.
  • Meanwhile, the S & P 500 rose 0.36% on Masco Corp's gain of 8.11%.

The euro dropped 0.08% against the dollar to trade at 1.1137 at 9:29 am Eastern time, while the British pound fell 0.22% against the dollar to go at 1.2425 at the same time.


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