US stocks set for weekly gain

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The stock markets in the US strengthened in the early session and appear poised to end the week higher.

    At the time of writing, The Dow Jones Industrial Average (DJIA) added 146 points, or 0.82%, at 17879. The S&P 500 and the Nasdaq Composite rose 0.6%. Across the pond, the pan-European Euro Stoxx 600 index rallied 0.3%.

    The DJIA and the Stoxx 600 are both up almost 3% this week and there is little or no reason or trigger at all that could lead to a weekly loss from here.

    Markers were rattled in the early part of this week as risk sentiment took a brief dive following the Paris terror attacks. However, as a sign of solidarity and the fact that terror attacks are unlikely to have major economic impact, saw the equity markets rise sharply in the following days.

    In Asia, Japan’s Nikkei Stock Average was up 0.1%, while China’s Shanghai Composite Index climbed 0.4%. Meanwhile, the benchmark 10-year treasury yield fell more than one basis points to 2.232%.
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