‎Dow Jones closes at record level, posts gains for fourth straight month

The US stock indices bolstered their gains at the close of the last trading session of August, as the corporate earnings season nears its end and investors assess data from the Federal Reserve’s preferred inflation gauge.

The Dow Jones Industrial Average rose 0.55%, or 228 points, to close at a record of 41,563 points. The index posted weekly and monthly gains of 0.95% and 1.75%, respectively to maintain its upside trend for the third week and fourth month.

The added1%, or 56 points to 5,648, maintaining its uptrend for the third week and fourth month. The index recorded weekly and monthly gains of 0.25% and 2.3%, respectively.

The Nasdaq Composite jumpednearly 1.15%, or 197 points, to end the day at 17,713, achieving a monthly gain of 0.65%. The index lost 0.9% this week.

As for the European indices, STOXX Europe 600gained 0.1%, to a record level of 525 points, recording weekly and monthly gains of 1.35% each. The index maintained its upside trend for the second straight month.

Meanwhile, the CAC 40 dropped 0.15% to 7,630 points. DAX 40 and FTSE were steady at 8,376 points and 18,906 points, respectively.

In Japan, the Nikkei 225 rose 0.75% to 38,647 points. Similarly, TOPIX added 0.75%, to 2,712 points. 

Brent crude futures for October delivery—expiring today—declined by 1.45%, or $1.14, to $78.80 per barrel, recording weekly and monthly losses of 0.3% and 2.5%, respectively.

Meanwhile, US West Texas Intermediate (WTI) crude for October delivery fell by 3.1%, or $2.36, to $73.55 a barrel, marking weekly and monthly losses of 1.7% and 4.3%, respectively.

In the gold market, December futures prices dropped by 1.3%, or $32.70, to $2527.60 per ounce, posting a weekly loss of 0.75%, though the yellow metal achieved a monthly gain of 2.2%.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
‎QFIs net buyers of stocks worth SAR 5.4 bln on Tadawul in December thumbnail

‎QFIs net buyers of stocks worth SAR 5.4 bln on Tadawul in December

Tadawul trading screen Qualified foreign investors (QFIs) were net buyers of SAR 5.4 billion worth of stocks on Saudi Exchange (Tadawul) in December, according to recent data issued by the Saudi bourse. Foreign investors offloaded SAR 60.5 billion worth of shares through swap agreements. Saudi corporates were net buyers of shares worth SAR 3.8 billion. Mutual funds sold…
Read More
FRL directors seek loan from Amazon thumbnail

FRL directors seek loan from Amazon

The independent directors of Future Retail Ltd (FRL) have sought ₹3,500 crore from Amazon as long-term loan since the US company had objected to the sale of its small format stores. The proceeds of this sale, they say, would have been used to pay FRL lenders and prevent its debt being classified as non-performing assets…
Read More
Wallace: Od niektórych na Zachodzie czuć "powiew Monachium" z 1938 r. thumbnail

Wallace: Od niektórych na Zachodzie czuć “powiew Monachium” z 1938 r.

Drogi Użytkowniku! W związku z odwiedzaniem naszych serwisów internetowych możemy przetwarzać Twój adres IP, pliki cookies i podobne dane nt. aktywności lub urządzeń użytkownika. Jeżeli dane te pozwalają zidentyfikować Twoją tożsamość, wówczas będą traktowane dodatkowo jako dane osobowe zgodnie z Rozporządzeniem Parlamentu Europejskiego i Rady 2016/679 (RODO). Administratora tych danych, cele i podstawy przetwarzania oraz…
Read More
Ausblick: thyssenkrupp legt die Bilanz zum abgelaufenen Quartal vor thumbnail

Ausblick: thyssenkrupp legt die Bilanz zum abgelaufenen Quartal vor

thyssenkrupp öffnet die Bücher - damit rechnen Analysten. thyssenkrupp wird am 10.02.2022 in der Finanzkonferenz die Quartalszahlen zum jüngsten Jahresviertel - Abschlussdatum 31.12.2021 - vorstellen.6 Analysten erwarten im Schnitt einen Gewinn je Aktie von 0,190 EUR. Im Vorjahresquartal waren -0,230 EUR je Aktie in den Büchern gestanden.Auf der Umsatzseite soll thyssenkrupp 6 Analysten zufolge im…
Read More
Sweetgreen Earnings News: SG stock spikes 34% on 26% revenue gain thumbnail

Sweetgreen Earnings News: SG stock spikes 34% on 26% revenue gain

Sweetgreen stock sailed up to a 13-month high on Friday. Salad chain is expanding its automated kitchen concept. Margins rose quickly in Q1, and management thinks this will continue all year. Revenue bested Wall Street's consensus by nearly $6 million. Sweetgreen (SG) stock stole the show on Friday. In a week that saw poor earnings
Read More
Index Of News
Total
0
Share