US stocks tilt higher after tentative Brexit deal

Economies.com
2019-10-17 15:38PM UTC

US stocks rose slightly today after the United Kingdom and the European Union announced an initial Brexit agreement.

 

US data showed today that the number of jobless claims increased by 4,000 to 214,000 last week.

 

US building permits scored 1.93 million last month, while industrial production fell by 0.4% in September.

 

The United Kingdom and the European Union announced today that they have agreed on a draft deal for the UK departure for the EU, which will be presented for a vote before the British Parliament next Saturday.

 

While the British Prime Minister, Boris Johnson, urged the British lawmakers to support the deal, as he described it as a great new deal that takes back control.

 

Boris Johnson added that they should implement the Brexit deal on time in order to move on other priorities such as the environment, protecting society from violent crimes and improving the living conditions.

 

As of 15:36 GMT, Dow Jones rose by 0.1% or 11 points to 27,013, Nasdaq rose by 0.2% or 18 points to 8,143, and S&P 500 gained 0.3% or 9 points to 2999.

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