undergroundnewsroom.com
undergroundnewsroom.com October 20, 2017


United States markets end higher

30 September 2017, 03:52 | Jenny Fowler

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

The major United States stock indices are ending the day with gains (of varying amounts).

The financial index was the biggest loser among the 11 major S&P sectors, after rising sharply on Wednesday on growing expectations of an interest rate hike in December, also spurred by Trump's promises to cut taxes.

Facebook's (FB.O) 1.15-percent gain provided the biggest lift to both the Nasdaq and the S&P to help pace the advance.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The S&P 500 set a record close Thursday.

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USA markets opened mixed as investors digested the latest inflation and consumer spending figures. The sector was up 0.34 percent.

Another report showed the Chicago purchasing management index, which gauges factory activity, came in better than expected for September.

In early trade the Dow Jones fell 40.54 points to 22,340.66, while the wider S&P 500 rose 0.82 points to 2,510.88. The Dow climbed 4.9 percent for the third quarter, the S&P advanced 4 percent and the Nasdaq gained 5.8 percent.

Gainers outnumbered decliners on the NYSE by 1,400 to 1,397.



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