Tuesday, the US stock market in green after the crude prices eased a bit and managed to settle below the $130 mark. The technology was the session’s best performing economic sector backed by the news that the Apple is taking its iPhone to Nordic and Baltic markets after signing an agreement with a regional telecom operator.
On the Merger & Acquisition front, Blackstone Group and Apollo Management LP are reportedly in talks to acquire chemical company Chemtura.
On the positive side, the new home sales for the month of April were reported at 526,000, which is above the consensus estimate of 520,000, but the monthly new home sales was 17,000 month-over-month.
On the economic front, the Consumer Confidence Index for the month of May came in at 57.2, which is down from the prior month''s 62.8. Further, the S&P/Case-Shiller Home Price Index for the month of March came in at 172.2, which is down from the 176.0 registered in the prior month.
The Dow Jones Industrial Average (DJIA) advanced by 68.72 points to close at 12,548.35. The S&P 500 (SPX) index increased by 9.42 points to close at 1,385.35 and the NASDAQ Composite (RIXF) grew 36.57 points to close at 2,481.24.
Among the Dow’s 30 components, 20G compoments ended in green mainly led by the stocks like Citigroup and IBM up by 2.6% and 2.5% respectively.
A total of 0.7bn shares were traded on the NASDAQ, with advancing stocks outpaced the declining stocks by 2 to 1. On NYSE around 1.1bn shares traded for the day, with advancing stocks outpaced the declining stocks by 2 to 1.
Crude oil futures for the month of June delivery closed lower by $3.34 at $128.85 per barrel on New York Mercantile Exchange. The crude prices fell after the dollar regains its strength as against its rival currencies.
The gold prices for the month of June delivery fell by $17.90 to settle at $907.90 an ounce on the New York Mercantile Exchange. The gold prices ended lower after the crude prices slipped below the $130 mark and also the strengthening of dollar of dollar as against its rival currencies.
On the Merger & Acquisition front, Blackstone Group and Apollo Management LP are reportedly in talks to acquire chemical company Chemtura.
On the positive side, the new home sales for the month of April were reported at 526,000, which is above the consensus estimate of 520,000, but the monthly new home sales was 17,000 month-over-month.
On the economic front, the Consumer Confidence Index for the month of May came in at 57.2, which is down from the prior month''s 62.8. Further, the S&P/Case-Shiller Home Price Index for the month of March came in at 172.2, which is down from the 176.0 registered in the prior month.
The Dow Jones Industrial Average (DJIA) advanced by 68.72 points to close at 12,548.35. The S&P 500 (SPX) index increased by 9.42 points to close at 1,385.35 and the NASDAQ Composite (RIXF) grew 36.57 points to close at 2,481.24.
Among the Dow’s 30 components, 20G compoments ended in green mainly led by the stocks like Citigroup and IBM up by 2.6% and 2.5% respectively.
A total of 0.7bn shares were traded on the NASDAQ, with advancing stocks outpaced the declining stocks by 2 to 1. On NYSE around 1.1bn shares traded for the day, with advancing stocks outpaced the declining stocks by 2 to 1.
Crude oil futures for the month of June delivery closed lower by $3.34 at $128.85 per barrel on New York Mercantile Exchange. The crude prices fell after the dollar regains its strength as against its rival currencies.
The gold prices for the month of June delivery fell by $17.90 to settle at $907.90 an ounce on the New York Mercantile Exchange. The gold prices ended lower after the crude prices slipped below the $130 mark and also the strengthening of dollar of dollar as against its rival currencies.
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