Wall Street ends higher on earnings, Turkish Lira recovery

Economies.com
2018-08-14 20:55PM UTC

US stock indices closed the second session of the week higher on overall upbeat results for the earnings season wrapping up soon, while the Turkish Lira is recovering somewhat after marking successive record lows in the last three weeks. 

 

Earlier US data showed import prices unchanged in July, compared to a 0.1% m/m dip in June, and missing estimates of a 0.1% increase, while prices excluding petroleum slipped 0.1%, compared to a 0.4% decline in June. 

 

On a yearly basis, prices rose 4.8% last month, up from 4.7% in June, and beating estimates of 4.5%. 

 

Indices, Commodities 

 

Dow Jones rose 0.55%, or 112.22 points to 25,299.92, while Standard and Poor's 500 climbed 0.64%, or 18.03 points to 2,839.96. NASDAQ Composite advanced 0.65%, or 51.19 points to 7,870.89. 

 

Gold futures due in December rose 0.22% to $1,201.50 an ounce, while the dollar index climbed 0.31% to 96.69, marking June 27, 2017 highs. 

 

US crude futures due in September barely slipped to $67.19 a barrel, while Brent October futures traded flat at $72.63 a barrel. 

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