US stocks trade higher as financial shares rally
Tuesday - July 10, 2018 1:44 am ,
Category : BUSINESS
US stocks trade higher as financial shares rally
New York July 10 (IANS) US stocks traded on an upbeat note as financial shares rallied bolstering the market.
The Dow Jones Industrial Average on Monday jumped 279.38 points or 1.14 per cent to 24 735.86. The S&P 500 was up 20.44 points or 0.74 per cent to 2 780.26 Xinhua news agency reported.
The Nasdaq Composite Index climbed 40.59 points or 0.53 per cent to 7 728.98.
Many major bank stocks gained. Shares of Bank of America JPMorgan Chase & Co. and Goldman Sachs all rose more than 2 per cent.
Trading mood was lifted by a slew of encouraging data released last week. This market optimism overshadowed the concerns over trade tensions between Washington and its key trading partners experts noted.
Shares of Caterpillar and Boeing advanced 3.84 per cent and 1.70 per cent respectively around midday. The two stocks are sensitive to trade tensions since they have a large portion of overseas business.
US stocks notched weekly gains over the past week with the Dow the S&P 500 and the Nasdaq climbing 0.76 per cent 1.52 per cent and 2.37 per cent respectively.
--IANS pgh/
The Dow Jones Industrial Average on Monday jumped 279.38 points or 1.14 per cent to 24 735.86. The S&P 500 was up 20.44 points or 0.74 per cent to 2 780.26 Xinhua news agency reported.
The Nasdaq Composite Index climbed 40.59 points or 0.53 per cent to 7 728.98.
Many major bank stocks gained. Shares of Bank of America JPMorgan Chase & Co. and Goldman Sachs all rose more than 2 per cent.
Trading mood was lifted by a slew of encouraging data released last week. This market optimism overshadowed the concerns over trade tensions between Washington and its key trading partners experts noted.
Shares of Caterpillar and Boeing advanced 3.84 per cent and 1.70 per cent respectively around midday. The two stocks are sensitive to trade tensions since they have a large portion of overseas business.
US stocks notched weekly gains over the past week with the Dow the S&P 500 and the Nasdaq climbing 0.76 per cent 1.52 per cent and 2.37 per cent respectively.
--IANS pgh/
