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Wall Street climbs ahead of healthcare vote in Congress

Economies.com
2017-03-24 15:26 UTC

U.S. stock indices rose on Friday as markets await the crucial vote in the House of Representatives on a healthcare bill championed by the Trump administration, underpinning stocks today. 

 

Analysts expect the House to pass the bill, which underpinned stocks amid expectations it will pave the way for other market-friendly bills such as tax cuts and infrastructure spending. 

 

Crude prices rebounded modestly today, buoying energy and oil stocks in an attempt to recover past losses after a steep decline in recent days for crude prices. 

 

As for the dollar, it kept hovering near a seven-week trough against a basket of currencies following mixed U.S. data today. 

 

Standard and Poor's 500 rose 0.31%, or 7.28 points to 2,353.24, while Dow Jones climbed 0.27%, or 56.71 points to 20,713.29. 

 

Tech-heavy NASDAQ jumped 0.67%, or 38.75 points to 5,856.44. 

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Gold prices extend gains to three-week high

Economies.com
2017-03-24 14:53 UTC

Gold prices rose on Friday to near a three-week high, on track for the second weekly profit in a row amid mounting demand on the safe haven, while the dollar weakens.

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Palladium sets new highs as dollar erases gains

Economies.com
2017-03-24 14:15 UTC

Palladium prices kept rising on Friday to the highest since March 2015, heading for the second weekly profit in a row, after the dollar trimmed its gains, while demand rose on industrial commodities.

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U.S. manufacturing, services PMIs fall

Economies.com
2017-03-24 14:04 UTC

U.S. flash services PMI fell to 52.9 in March from 53.8, missing expectations of 54.9.

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