- Analytics
- News and Tools
- Market News
- Global Stocks: U.S. stock indices gained
Global Stocks: U.S. stock indices gained
U.S. stock indices rose on Monday amid an increase in oil prices underlining persistent connection between oil and stocks.
The Dow Jones Industrial Average gained 228.67 points, or 1.4%, to 16,620.66 29 out its 30 components advanced). The S&P 500 rose 27.72 points, or 1.4%, to 1,945.50 (its oil prices rose 2.2%). The Nasdaq Composite rose 66.18 points, or 1.5%, to 4,570.61.
Data from Markit Economics showed that the U.S. manufacturing PMI slid to 51.0 in February on a seasonally adjusted basis from 52.4 in January. The country's manufacturing sector lost momentum after a modest recovery at the beginning of 2016. Weaker output and new orders sub-indices weighed on the PMI.
This morning in Asia Hong Kong Hang Seng lost 0.39%, or 76.05 points, to 19,388.04. China Shanghai Composite Index fell 0.98%, or 28.75 points, to 2,898.43. Meanwhile the Nikkei declined 0.35%, or 56.74 points, to 16,054.31.
Asian stock indices retreated as investors took profits from a 2% rally in the previous session. However analysts note that stocks should climb as they normally do before China's National People's Congress, which starts on March 5 this year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
