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© Reuters.
Investing.com – US stocks posted strong gains in Friday's opening session, with the S & P 500 recording a three-day series of losses – its longest of the year – with signs that Chinese and European economies could be on the decline.
In the United States, investors were waiting for the publication of a report on manufacturing activity, a more recent overview of the US economy compared to other deferred reports published earlier.
At 9:38 (14:38 GMT), the 197 points win, or 0.76%, to 26,112.78 points, the increase of 20 points, or 0.74%, to 2,804.98, while the 49%, or 0.65%, exchange 7,581.78 points.
Surveys of Chinese and European companies showed that the economic situation in the country was not as bad as first reading had suggested last week, even though the index and the purchasing managers' index Manufacturers in China and the euro area were below 50 levels, respectively, which separates growth from contraction. Stronger than expected and the German data also helped to revive the spirits.
The Institute of Supply Management will release its report for February at 10:00 am Eastern Time (15:00 GMT) on Friday, along with the University of Michigan's review for the month of February.
Analysis of mill activity will eclipse other pre-opening reports, which were delayed by the government's closure and were mostly old since December.
recorded its last month of December, a fact already suggested by the statistics of retail sales, the worst of the last nine years, for the same month.
In the same report, the inflation measure favored by the US Federal Reserve has remained unsurprisingly at 1.9% at the end of 2018, causing little hesitation for a market that expects at this time. that the central bank officially announces the end of its balance sheet.
The Commerce Department was able to publish its January reading. This showed that, after a sharp rise in December, an increase in special payments, including a special dividend from VMware (NYSE 🙂 and farmer subsidies, made its appearance.
In the news of the company, Gap (NYSE 🙂 jumped about 19% after the announcement of its intention and closed about 230 Gap specialty stores over the next two years.
At the end of the earnings season, over 95% of S & P 500 companies reported numbers, Foot Locker (NYSE 🙂 pleased investors as stocks jumped 7.7% after strong organic sales growth at the end of the year and in line with expectations for the current year.
In the doldrums, shares in Tesla NASDAQ 🙂 fell 5.8% after CEO Elon Musk admitted that the company would do it, as it did for the third time this year.
Excluding equities, the, which measures the greenback versus six rival currencies, edged down 0.08% to 96.12 at 09:40 (14:40 GMT), while the 3.1 point base reached 2.74%. %.
In the commodities sector, it fell 0.56% to $ 1,308.75 troy ounce, while trade rose 0.40% to $ 57.45 per barrel.
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