US stocks close higher, as technology sector boosts gains

Economies.com
2019-03-21 20:46PM UTC

US stocks rose today, in light of the technology sector gains which Compensated for the energy sector losses, after the effect of the decision of the Federal Reserve faded.

 

A US trade delegation led by Treasury Secretary Steven Mnuchin and the Trade Representative Robert Lighthizer is expected to visit China next week to discuss the possibility of removing obstacles to reach landmark trade deal between Washington and Beijing.

 

The Federal Reserve kept the interest rate unchanged and announced that it won't get raised this year, while its US economic growth forecast for 2019 fell to 2.1% from 2.3%.

 

Meanwhile, US government 's data showed today, that last week the unemployment claims fell by about 9,000 to a total of 221,000.

 

On the other hand, West Texas fell by 0.5% and closed at $59.98 per barrel, its highest at $60.3 and the lowest at $59.6 .

 

Brent fell 0.9% to $67.86 a barrel. hitting a session high at $68.6 while the low at $67.5.

 

At the end of trading, Dow Jones rose 0.8% (217 points) to 25962 points, and hit a high of 26010 points and a low of 25,657 points.

 

Nasdaq rose 1.4% (110 points) to 7839 points, with a high of 7850 points and a low of 7705 points.

 

Standard & Poor's rose 1.1% (30 points) to 2,855 points, with the highest at 2,860 points and the lowest at 2817 points.

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 ...