- Home
- >
- Daily Accents
- >
- American stocks closed higher – Dow Jones close to 22,000 points
American stocks closed higher - Dow Jones close to 22,000 points
Rating:
Loading...The American indices closed higher today. DJIA again at record highs, close to the 22,000 points mark. In July we see again rise of the indices, after the corporate results are better than expected. Fundamentally the economy is growing slowly but steadily. Six out of 11 sectors in the S&P 500 have came out with better than expected results. Transportation sector is lower and some analyst take its reading as a barometer of the economy. There is the possibility that the semiconductor sector might show lower reading as well, but we still expect the financial results from the stocks there. Manufacturing PMI reached 53.3, as the Construction spending fell by -1.3%.
DJIA: 73.32 points/ 0.33% - 21,964.44
S&P: 6.01 points/ 0.24% - 2,476.31
NASDAQ: 14.81 points/ 0.23% - 6,362.94
RUSS 2000: 2.82 points/ 0.20% - 1,427.96
VIX: 10.03
For the S&P Financial and Utilities were higher.
In the Dow Jones index, the share of Goldman Sachs and Boeing were the biggest gainers.
The price of Oil went higher to $50 per barrel, but today it corrected down to about $48.20, but it keeps most of its gains and supports the stocks. The USD is relatively weak but today it showed a bit of strength. Our expectations remain for lower dollar, unless we see clear signals for reversing the down trend. The Euro was stable and it did reach the zone as we predicted at 1.1714 - 1.1790 and not only that but it surpassed it. Now we will watch if there will be a correction down or it will continue up to the next target in sight $1.20.
Source of the graph: Bloomberg Pro Terminal
Trader - S. Fuchedzhiev
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
