US stocks end high on weekly gains

2019-03-16 00:40:42 GMT (Economies.com)
US stocks end high on weekly gains

US stocks rose at the end of the day and made weekly gains amid optimism about the trade talks between Washington and Beijing as well as investors ignoring the terrorist incident in New Zealand and the pressure on the energy sector.

 

As some investors turned to safe haven like gold following a terrorist attack on mosques in New Zealand that killed 50 people and injured others.

 

Meanwhile, markets are still waiting for the outcome of trade talks with China, which President Donald Trump described as "very good" yesterday.

 

While also President Trump signed today the veto on a bill passed by the US Congress which tried to cancel the state of national emergency on the border that was previously announced by Trump. 

 

Separately, Boeing shares rose 1.5% to $378.9 after the company announced a plan to upgrade its 737 MAX aircraft software, which most of the world stopped using following the crash of the Ethiopian and Indonesian planes of the same model.

 

In the oil market, West Texas fell 0.2% to close at $58.52 a barrel, gaining weekly gains of 4.4%, While US crude hit a session high of $58.9 and a low of $57.7.

 

Brent fell 0.1% to $67.16 a barrel, reaching weekly gains of 2.2% , while the session highest at $67.7 and the lowest at $66.1.

 

At the last session of the week, Dow Jones Industrial Average rose 0.5% (139 points) to 25,849 points, reaching weekly gains of 1.6%, while the session reached a high of 25928 points and a low of 25649 points.

 

Nasdaq rose 0.7% (57 points) to 7,688 points, reaching weekly gains of 3.8%, and the session reached a high of 7,715 points and a low of 7,652 points.

 

Standard & Poor's also rose 0.4% (11 points) to 2822 points, and gained 2.9% , hitting a session high of 2,830 points and a low of 2,810 points.

 
 
 
  Symbol Last Change Chg.%
1.1161
-0.0002
0.0134%
1.2707
-0.0030
0.2336%
14.455
0.037
0.260%
62.977
0.296
0.473%
71.96
0.21
0.29%
1274.665
-3.100
0.243%
 
 
US
 
Europe
 
Asia