Tuesday, 23 May 2017

Wall Street ends up; defence, tech stocks a boost >> Daily Intraday Updates click here-

US stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.

Shares of General Dynamics , Raytheon , and Lockheed Martin all hit record highs early on but ended off those levels, with gains of between 0.6 percent and 1.6 percent. Boeing gave the Dow its biggest boost, ending up 1.6 percent at USD 183.67.

The S&P industrials index rose 0.7 percent and the S&P 500 posted a third straight day of gains, further recovering from last week's selloff that was tied to worries about the outlook for US President Donald Trump's domestic agenda.

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