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US stock markets open higher as Fed seminar begins

2019-08-22 02:13 pm | Resource: News | No Views : 26

US stock  markets open higher as Fed seminar begins

 US stock indices are trading in the green on Thursday as the Federal Reserve symposium in Jackson Hole, Wyoming and Federal Reserve Chair Kansas Esther George began, saying she was not worried about a possible US recession despite yields on Treasuries. The two and 10-year-old American was unusually close and even flipped for short periods of time. At the same time, President Donald Trump stressed that the Federal Reserve puts the United States at a disadvantage against other countries.

Initial jobless claims in the US fall from 12,000 to 209,000

Initial jobless claims in the US for the week ending August 17 fell 12,000 from revised figures the previous week to 209,000, the Labor Department reported on Thursday. The four-week moving average was 214,500, up 500 compared with the previous week's revised average of 214,000.

The drop in jobless claims last week was larger than expected.

The seasonally adjusted insured unemployment rate for the week ending August 10 was 1.2%, unchanged from the previous week. The seasonally insured unemployment rate during the same week reached 1,674,000, down 54,000 from the revised figure the previous week. The four-week moving average was 1,697,000, down 750 from the previous week's revised average.

Prior to the bell, the US Labor Department said initial jobless claims fell by 12,000 to 209,000 in the week ending August 17.
  • The Dow Jones Industrial Average rose 0.65% at 9:41 am ET, up more than 150 points.
  • Nasdaq 100 rose 0.28% in the first minute of trading. Synopsys led the gains on the index as electronic design automation company jumped 5.04% at 9:33 am ET on better-than-expected earnings.
  • The S&P 500 rose 0.29% at 9:30 am ET. Nordstrom jumped 7.99% at 9:31 am ET after exceeding earnings expectations and despite weak sales.

The euro was up 0.02% at 1.10863 against the dollar at 9:34 am ET.

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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…

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