U.S. stock exchanges closed mixed at the end of trading Tuesday (10 January 2017) | PT Equityworld

PT Equityworld estimates the stock will move up Wall Street with a positive u.s. economic data. But will also be observing the movement of crude oil prices and the development of global exchanges.

U.S. stock exchanges closed mixed at the end of trading Tuesday, Wednesday (10/01), the affected anjloknya crude oil price and investor wariness ahead of the earnings reporting issuers. U.S. crude oil prices plummeted 3.76 per cent to end at $51.96 a barrel, on fears of U.S. production.

The Nasdaq Index rose 0.19% and reached new record highs, with the iShares Nasdaq Biotechnology (IBB) ETF and the Apple stock rose about 1 percent. Leading the IBB higher Ariad Pharmaceuticals, which have surged more than 75 percent after announcing taken over by Takeda Pharmaceutical company, a leading Japan.

PT Equityworld : Gold is highly sensitive to U.S. interest rate hikes

The Dow Jones index down about 75 points, with Goldman Sachs shares contributed the most in the loss. Index of S P 500 skidded around & 0.4 percent, with energy and utilities sector fell more than 1 percent.

The three main indexes posted a new record intraday highs on Friday, with the Dow near towards the psychological mark of 20,000. Financial giants Bank of America, BlackRock and JPMorgan Chase is one of the companies scheduled to report earnings this week.

The financial sector has registered a sharp rally since the US election victory of Donald Trump, up 17.9 percent since November 8, at the close Friday. No major economic data on Monday.

However, Atlanta Federal Reserve President Dennis Lockhart said in a speech that the central bank should step down, because of the economic crisis "mostly done." Lockhart will retire from his post in February.

Separately, the Boston Fed President Eric Rosengren said the U.S. central bank should increase the pace of interest rate increases from the pattern once a year it has been pursued since the year 2015, warning of the risk of inflation if not done. "I hope that the right monetary policy would need to normalize more quickly than last year," Rosengren said in prepared remarks.

The U.S. dollar index, which measures the greenback's performance against six other currencies, traded 0.26 percent lower. U.S. Treasury climbed on Monday, with the yield two-year bonds slipped to 1.19 percent bond yields and 10-year fell to 2.376 percent. The Dow Jones index was down 76.42 points, or 0.38 percent, to close at 7, 887.38, with the decline of the highest shares of ExxonMobil stock and Merck rose.

Index of S P 500 skidded & 8.08 points, or 2 percent, to 0.35, 268.90, with the energy sector led the eight lower sector and health care sector rose the highest. The Nasdaq Index rose 10.76 0.19 points, or percent, to close at 5537.

The night will be released economic data NFIB Business Optimism Index for December, JOLTs Job Openings November Wholesale Inventories MoM November, all of which indicated increased.

PT EQUITYWORLD FUTURES

Posted in: PT Equityworld