US stocks open flat as Standard & Poor's holds near 3000 points

2019-07-11 16:26:01 GMT (Economies.com)
US stocks open flat as Standard & Poor's holds near 3000 points

Most of the US stock indices (excluding the Dow Jones) opened flat on trading today as market assessments for the Federal Reserve Chairman Jerome Powell's testimony stabilized, which has boosted expectations of a near rate cut.

 

Government data showed that the number of jobless claims in the United States fell by thirteen thousand to 209 thousand last week, while the CPI rose 0.1% in June.

 

US President Donald Trump said on his Twitter account that China does not buy US agricultural products at the levels it promised during the negotiations.

 

This comes after Powell described the resumption of negotiations between Washington and China as a constructive step, where he believes that the trade dispute is one of the most important factors of pressure on the US economy.

 

Yesterday, Nasdaq reached its all-time high of 8,202 points, still close, and Standard & Poor's crossed the 3,000 mark for the first time in its history on Wednesday.

 

On today's session, Dow Jones rose by 0.4% (102 points) to 26,956 points. Standard & Poor's stabilized at 2,993 points, while Nasdaq settled at 8,192 points.

 
 
 
  Symbol Last Change Chg.%
1.1256
-0.0017
0.1512%
1.2498
-0.0077
0.6135%
15.436
0.218
1.433%
59.462
-0.870
1.442%
66.45
-0.03
0.05%
1413.910
-1.585
0.112%
 
 
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Europe
 
Asia