Tuesday, 20 December 2016

Wall Street extends rally but Germany truck deaths reduce gains

The customer support is one of the important key factor in the success and we are providing you Two days Free trial to Trade in Financial market experience and so on click here http://www.ripplesadvisory.com/free-trial.php

Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany. All three major US indexes ended higher but lost some steam after German police said a truck ran into a crowded Christmas market in Berlin, killing nine people and injuring up to 50 others. That rattled US investors already eyeing potential global troubles after the Russian ambassador to Turkey was shot dead in Ankara. "Markets want to be sure whether this is an isolated incident. Will this disrupt economic activity in just this area or will it be a wider area and for how long?," said John Canally, chief economic strategist for LPL Financial. "That's the playbook by which markets have come to address these types of issues." 

The S&P technology index rose 0.61 percent, with Microsoft, Intel, Apple and Amazon.com lifting the Nasdaq Composite to within a hair of last Tuesday's record high close. US stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising nearly 6 percent on bets that President-elect Donald Trump's plans for deregulation and infrastructure spending will boost the economy. 

The Dow Jones industrial average is less than 1 percent away from 20,000, a level it has never breached. "The Trump rally is still with us. Every time something's down for two days, people jump on it. People are looking for buying opportunities," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

No comments:

Post a Comment