Forex notification : Wall Street ended up on Thursday driven by the banking sector which benefited from the upward revision of the fourth quarter growth figures in the United States.
The Dow Jones index gained 69.17 points / 0.33%, at 20,728.49 and the Standard & Poor’s 500 took 6.93 points / 0.29% at 2,368.06, continuing a third consecutive session Up after suffering last week’s sharpest weekly decline of the year.
The Nasdaq Composite advanced by 16.80 points (0.28%) to 5,914.34, a tenth increase in 12 sessions which allows it to establish a new record closure.
US growth was 2.1% annualized over the last three months of 2016 against a previous estimate of 1.9%, after 3.5% in the third quarte.
Iron and steel prices benefited from the announcement of new taxes on steel imports from European and Asian countries. US Steel took 3.33% and AK Steel 2.26%.
Lululemon Athletica plunged 23.44% to $ 50.76, the largest decline in the Nasdaq, an unprecedented drop since 2008, bringing it down to its lowest level since December 2015. The Canadian manufacturer of yoga and gym wear The investors said they expected to see a decline in sales on a like-for-like basis in the first quarter, for the first time since 2009, due to a negative currency effect and a seductive spring collection.
In the wake, Nike fell 1.13%, the largest drop in the Dow Jones, and Under Armor (NYSE: UAA) stumbled 2.57%. “We have seen over the last 12-24 months that these values are heavily sanctioned as soon as sales begin to slow down or margins stop growing,” said Ike Boruchow, an analyst who follows the clothing industry for Wells Fargo.
Some six billion shares have changed hands in the various US markets, compared to an average of 6.8 billion over the last 20 sessions.
On the foreign exchange market, the dollar strengthened as a result of the upward revision of US GDP and weakness in the euro, which dropped the 1.07 threshold and fell back to 1,0681 dollar, a low since March 15.
The dollar index reached in the wake a two-week high of 100.51, also supported by the rise in long rates. The US Treasury’s 10-year yield, which has been steadily declining since its three-month peak on 14 March, returned to 2.42% against 2.39% on Wednesday evening.
With the firmness of the greenback, gold fell 0.7%.
very informative blog post..thank you
Wonderful article! That is the kind of info that are supposed to be shared across the web. Disgrace on Google for no longer positioning this publish upper! Come on over and talk over with my site . Thank you =)
Good post. I will be going through a few of these issues as well..
First of all I would like to say excellent blog! I had a quick question in which I’d like to ask if you don’t mind. I was interested to find out how you center yourself and clear your thoughts prior to writing. I have had a difficult time clearing my thoughts in getting my thoughts out. I do take pleasure in writing but it just seems like the first 10 to 15 minutes are generally lost simply just trying to figure out how to begin. Any recommendations or tips? Many thanks!
Your style is very unique in comparison to other folks I have read stuff from. Thanks for posting when you’ve got the opportunity, Guess I will just bookmark this web site.
Very shortly this website will be famous among all blogging viewers, due to it’s good articles
Here you can read very informative and useful articles. Thank you!
Very amazing and informative information really I enjoying very much. Dude do know Germany Unemployment Change better than Expected and Eurozone confirmed to be keeping a fast pace. Germany Consumer Price Index again above expectations (for the second time in a row).
Thanks for one’s wonderful post! We definitely liked reading it, you could be an great contributor. I shall always take a note of this blog page and will often come back later on, I wish to motivate that you continue this great job, enjoy your evening? BTW have you read Gaddafi remarkable headlines Regards Independent Financial Advisor
It’s rare knowledgeable people for this topic, however you sound like do you know what you are discussing! Thanks