Wall Street continues to rebound as dollar retreats

Economies.com
2017-04-20 15:33PM UTC

U.S. stock indices kept rebounding on Thursday after drawing support from dollar's decline, and following upbeat earnings results from U.S. and European companies. 

 

The dollar fell today to a three-week low after U.S. unemployment claims rose past expectations last week, heaping pressure on the greenback. 

 

The current recovery on Wall Street remains temporary however amid ongoing political tensions regarding the U.S. and North Korea, and ahead of important elections in Europe, souring the sentiment. 

 

Standard and Poor's 500 rose 0.36%, or 8.41 points to 2,346.58, while Dow Jones climbed 0.41%, or 83.72 points to 20,488.21. 

 

Tech-heavy NASDAQ added 0.44%, or 25.88 points to 5,888.92. 

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...