"The momentum certainly seems to be continue to be on the upside," said Bill Lynch of Hinsdale Associates."There's more positive sentiment with respect to a possible deal between the US and China."
US services sector activity slowed more than expected in March, according to the Institute for Supply Management. Meanwhile, payrolls firm ADP estimated that the United States added just 129,000 jobs in March, much lower than the 178,000 economists had been expecting.Chip companies were an especially strong group, with Advanced Micro Devices winning 8.5 per cent, Lam Research 4.0 per cent and Micron Technology 3.4 per cent.
But Caterpillar fell 0.6 per cent after it was downgraded by Deutsche Bank due to the weakening global growth outlook.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World stocks rally to six-month highs on US-China trade optimismWorld stocks rallied to six-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and reassuring economic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Stocks open higher tracking rallies in US market[TOKYO] Tokyo stocks opened higher on Friday, as investors took heart from rallies on Wall Street and a relatively cheap yen against the dollar. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian stocks inch higher on hopes of progress in US-China talksAsian shares posted narrow gains on Friday on revived hopes of progress in U.S.-China trade talks, while global bond yields moved higher after a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks fall as market grapples with growth fears[NEW YORK] Wall Street stocks declined on Wednesday following a choppy session as the market grappled with lingering worries over the economic growth outlook. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks gain as bond yields stabiliseNEW YORK: Wall Street stocks rose on Thursday (Mar 28) following a recovery in 10-year US Treasury yields, after weakness in bond rates in recent ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks gain as bond yields stabilise[NEW YORK] Wall Street stocks rose on Thursday following a recovery in 10-year US Treasury yields, after weakness in bond rates in recent sessions raised worries about slowing economic growth. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian stocks gain, progress in US-China talks eyedAsian shares posted narrow gains on Friday on revived hopes of progress in U.S.-China trade talks, while global bond yields moved higher after a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks extend rally at start of second quarter[NEW YORK] Wall Street stocks posted strong gains on Monday, advancing in the first session of the second quarter on solid economic data and optimism over trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Stocks end mixed as airlines soar[NEW YORK] Wall Street stocks finished mixed on Tuesday, with an upbeat forecast from Delta lifting airlines, while disappointing Walgreens results weighed on the Dow. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Junk bonds suggest US stocks may have further to runU.S. stocks just wrapped up their best quarter in nearly a decade, coming within a stone's throw of a record high.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »