Wall Street rallies

Wall Street rallies

On Friday, Wall Street managed to gain ground in a broad-based ascend due to the fact that market participants were heartened by a report that the US government would try to temporarily conclude the longest government shutdown in the history of the United States. 

All three key American stock indexes rallied, with the Dow as well as the Nasdaq eking out their fifth weekly leap in a row. However, the S&P 500 reported its first weekly loss of 2019.

The indexes rebounded from their maximums after US leader confirmed he along with lawmakers made up their mind to implement a three-week stop-gap spending plan with the aim of reopening the government.

In general, investor sentiment worsened for the last time in the face of revived fears having to do with the US government shutdown as well as the everlasting US-China tariff clash.

Among these uncertainties, the everlasting trade clash between China and America keeps worrying market participants.

An escalation of the US-China trade conflict would sharpen the global economic deceleration aready under way.

Fourth-quarter corporate revenue season is currently in high gear, with over 22% of  S&P 500 businesses having posted. Eventually, of those, up to 72.3% have confounded analyst expectations.  

Starbucks Corp beat Wall Street consensus too, posting better-than-expected quarterly sales. As for the coffee chain's equities, they rallied by 3.6%.

Consumer products company Colgate-Palmolive posted fourth-quarter revenue that turned out to be surprising, although added it actually expects revenue to head south this year. Its stock dived by 0.6%.

In addition to this, Intel Corp equities went down by nearly 5.5% reacting to the chipmaker's downbeat fourth-quarter sales as well as current-quarter forecasts.

The Dow Jones Industrial Average jumped by 0.75% being worth 24,737.2. Additionally, the S&P 500 rallied by up to 0.85% hitting 2,664.76.

Similar

Latest news

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera