U.S. Equity Indexes End Modestly Higher as Banks And Materials Buoy Stock Market

Friday, 29 March 2019 03:19 WIB

DOW JONESS & P 500SahamASNasdaq Composite


U.S. stock indexes end modestly higher Thursday, shaking off a final reading of a economic growth for the last three months of 2018 that was cut to 2.2% from 2.6%. Gains for equity markets come amid a steadying of government bond yields and purported progress in U.S.-China trade negotiations.

The Dow Jones Industrial Average % rose 92 points, or 0.4% to 25,717. Meanwhile, the S&P 500 index added 0.4% to 2,815, buttressed by a 1% gain in materials stocks and a 0.8% advance for S&P 500 financial institutions, according to FactSet data. The Nasdaq Composite Index climbed 0.3% to 7,669. The 10-year Treasury note yield rose to 2.39%, edging up but still near a 15- month low. A so-called inversion of the rate between the 3-month Treasury bill and the 10-year, has raised the specter of recession on Wall Street.

Source : Marketwatch


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