On Friday, the major US indices went down amid a drop in the consumer sector led by shares of tobacco manufacturers as well as technology companies…
Wall Street tacks on after GDP surge updated lower
On Wednesday, Wall Street's key indexes edged up after the downward revision of American economic surge in the fourth quarter weakened the case for faster lifts in interest rates.
The American Commerce Department told that GDP extended at a 2.5% annual rate versus the previously posted 2.6% tempo.
Firm economic data earlier in February had increased fear among market participants that American interest rates would inch up faster than previously anticipated, spurring Wall Street's most impressive selloff for two years.
Even with the revenues for the last time, the S&P 500 as well as the Dow still appear to be on course for their first monthly slump since last March.
The Dow had tacked on 105.47 points being worth 25,515.5. As for the S&P 500, it rallied 0.43% showing an outcome of 2,756.19, while the Nasdaq Composite added 0.52% reaching 7,368.17.
A batch of retail revenues drove profits in the S&P retail index that acquired 0.94%.
Online retailer Etsy soared 18% right after its profits surpassed estimates, while off-price apparel seller TJX inched up 6.5% having posted positive same-store sales.
Equities of No.2 home improvement chain Lowe's headed south 9% after its quarterly revenue along with margins missed estimates because it spent a lot to take on competition.
Celgene lost 6% after American health regulators had the company's application rejected that looked for approval of a major multiple sclerosis medication.
According to a Reuters analysis, in February global investors trimmed their equity exposure to a three-month minimum, although most still expect equities to try fresh maximums notwithstanding soaring bond revenues.
The American 10-year Treasury revenues, an indicator of global borrowing costs, hit 2.8825% having spiked 2.9250% on Tuesday.
Wall Street's number one volatility indicator, the CBOE Volatility index dived to 17.56 points having reached 18.98 after Powell's testimony.
On Thursday, China's stock market concluded up due to strengthening sectors of oil and gas equipment, insurance as well as gas and water supply…
On Thursday, stock indices of Western European countries concluded in positive territory on expectations of positive corporate reporting as well as signals on mitigation of some factors of geopolitical tension…
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…