country flagالعربية
0
0

Wall Street shares open higher, the Dow jumps over 100 points

2019-08-16 02:20 pm | Resource: News | No Views : 29

 Wall Street shares open higher, the Dow jumps over 100 points


Wall Street started trading in positive territory on Friday as the Dow jumped more than 100 points. This week saw volatility rise amid lower bond yields and further escalation in the US-China trade war.

US consumer sentiment falls to a 7-month low in August

The University of Michigan said in its latest survey released on Friday that the US consumer confidence index fell in August to 92.1, down sharply from both last month's reading and market expectations. The initial assessment of consumer confidence shows that it has fallen to its lowest level since the beginning of the year.

US housing sales are down 4% in July

US home prices fell 4% to a seasonally adjusted annual rate of 1,191,000 in June from a revised 1,241,000 in the previous month, the US Census Bureau and the Department of Housing and Urban Development announced Friday. Yearly, housing rose 0.6% from 1,184,000 registered in July 2018. The housing rate per household in July was 876,000, up 1.3% compared to the previous month's revised estimate of 865,000.

On the other hand, building permits rose 8.4% on a monthly basis to a seasonally adjusted annual rate of 1.336 million. The figure rose 1.5% from the same month a year ago. Housing completion reached 1,250,000, jumping 7.2% on a monthly basis and rising 6.3% compared to July last year.

Wall Street Openings
  • The Dow rose 172 points in the first moments of the session as retail giant Wal-Mart led the gains. On Thursday, President Donald Trump praised Wal-Mart for its quarterly results.
  • The S&P 500 rose 0.70% with Nvidia up 8% after the company's earnings.
  • The Nasdaq 100 rose 0.98%. Micron was among the biggest gainers.

The euro was down 0.32% against the dollar, trading at 1.10715 levels at 15:45 CET


Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.