9 Mar 2015
US stocks begin the week on a positive note
FXStreet (Mumbai) - The stock markets in the US have got off to a positive start, with moderate gains in all three major indices. The data docket in the US is thin, while Fed policymakers are scheduled to speak at various events.
At the time of writing, the DJIA index was trading 0.45% higher at 17,937.5, while the S&P 500 and NASDAQ were up 0.27% and 0.18% at 2076.80 and 4406.89 levels respectively.
Among stocks, the airliner, Boeing is up 1.11%, while the chip maker Intel is down 1.16%. Shares in Alcoa are down 4.45%, after the company said it would acquire RTI International Metals Inc. in a deal worth USD 1.5 billion. Tesla Motors Inc. shares lost 1.8% after the company announced it will cut jobs in China. Meanwhile, shares in General Motors are up 2.54% on news the company will begin buying back USD 5 billion worth of stock.
So far, the markets have moved higher despite the fall on Friday that was triggered by an increased speculation of an early interest rate hike post the strong payrolls report. However, despite the positive action in the equities, the 10-year Treasury yield still trades 3.8 basis points lower at 2.202%.
At the time of writing, the DJIA index was trading 0.45% higher at 17,937.5, while the S&P 500 and NASDAQ were up 0.27% and 0.18% at 2076.80 and 4406.89 levels respectively.
Among stocks, the airliner, Boeing is up 1.11%, while the chip maker Intel is down 1.16%. Shares in Alcoa are down 4.45%, after the company said it would acquire RTI International Metals Inc. in a deal worth USD 1.5 billion. Tesla Motors Inc. shares lost 1.8% after the company announced it will cut jobs in China. Meanwhile, shares in General Motors are up 2.54% on news the company will begin buying back USD 5 billion worth of stock.
So far, the markets have moved higher despite the fall on Friday that was triggered by an increased speculation of an early interest rate hike post the strong payrolls report. However, despite the positive action in the equities, the 10-year Treasury yield still trades 3.8 basis points lower at 2.202%.