US stocks trade cautiously higher ahead of ECB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The buying interest in the US stock markets returned, but investors stay cautious ahead of the tomorrow’s ECB rate review.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was up 27 points or 0.16% and was making an attempt to retake 17,000 handle. S&P 500 index and Nasdaq index were up 0.30% and 0.22% respectively.

    The DJIA oil and gas index was up 0.70%, along with a 0.80% rise in Transportation stocks. Shares in Chevron were up 2.75% followed by a 2% rise in CIBM shares. The losing side included names like Nike, Goldman Sachs, Walt Disney.

    Across the pond, the European benchmark Stoxx Europe 600 was up 1% on the back of rebound in oil and rise in copper prices.
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