Equityworld Futures : Wall Street Weekend Achieves Record High; Weekly Jump 1 Percent

Equityworld Futures-Stocks hit record highs in late trading weekend early Saturday (26/11), helped by increased activity during the Black Friday retailer issuers encourage post-election rally.

The Dow Jones Industrial Average rose 70 points, reaching a new record high, with shares of 3M and IBM contributed most to gain.

The S & P 500 also shot to a new record, closing 0.4 percent higher in the utilities sector rose 1.4 percent to lead gains.

The Nasdaq composite index rose 0.34 percent, closing above the previous record of 5,392.26.

The three major indexes rose more than 1 percent for the week and extend its winning streak to three weekly.

Read : Equityworld Futures : Gold Price Drops Weekend Month Low 9.5; Weekly Drowning 7 Percent

Major US stock indexes lately penetrate to new record highs on optimism that the proposed policies of President-elect Donald Trump will stimulate economic growth.

The US market's focus shifted to the end perkan Black Friday and holiday sales, but still in light volume as some investors and traders celebrated the Thanksgiving holiday in the US.

Some retailers kicked off Black Friday sales on Thursday. J.C. Penney opened Thursday at 3:00 pm, while Macy started sales at 05:00 on Thursday. Retail giant Wal-Mart, began offering Cyber ​​Monday deals on Friday, came from announcements that will significantly improve the online inventory.

US Treasury yields and the dollar has risen sharply since the elections, the 10-year yield soared above 2 percent and the greenback trading around levels not seen since 2003, putting the pair euro / dollar in range.

The price of gold, has turned sharply lower, reaching a 9.5 month low.

On Friday, the 10-year note yield 2.372 percent, while the dollar fell 0.2 percent against a basket of currencies.

On the data front, the US trade deficit reached $ 62 billion until October. Readings November at IHS Markit non-manufacturing index was at 54.7, slightly lower than the reading of 54.8 in October.

In the oil markets, US crude oil futures for January delivery fell 3.1 percent to $ 46.48 per barrel due to uncertainty about whether OPEC can agree on production cuts that depress prices.

The Dow Jones Industrial Average rose 68.96 points, or 0.36 percent, to close at 19,152.14, the highest rise in shares of Cisco Systems and UnitedHealth shares experienced the biggest decline.

The S & P 500 rose 8.63 points, or 0.39 percent, to end at 2,213.35, with utilities sectors led the 10 sectors were higher and energy sectors lagged.

The Nasdaq index rose 18.24 points, or 0.34 percent, to close at 5,398.92.

Analyst Equity Research Center estimates that the next movement will observe the movement of crude oil prices ahead of a planned OPEC production cut agreement on 30 November.

Posted in: Equityworld Futures