MTS Futures News_AM_20180830

MTS News

MTS Futures News_AM_20180830

30 Aug 2018

• The Dow Jones Industrial Average .DJI rose 60.55 points, or 0.23 percent, to 26,124.57, the S&P 500 .SPX gained 16.52 points, or 0.57 percent, to 2,914.04 and the Nasdaq Composite .IXIC added 79.65 points, or 0.99 percent, to 8,109.69.

Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.

Among the economic fundamentals, the Commerce Department released its second reading of second-quarter GDP, showing the U.S. economy grew at an upwardly-revised annual rate of 4.2 percent in the quarter, its best performance in nearly four years.

• Asia markets were in positive territory on Thursday morning as Wall Street extended its record high streak once again and Canada rejoined negotiations for the North American Free Trade Agreement (NAFTA).

The Nikkei 225 opened up by 0.75 percent before rising to a more than three-month high, according to Reuters. The index settled to trade 0.41 percent up, with most major sectors in positive territory. South Korea's Kospi was largely flat in early morning trade.


Reference: Reuters, CNBC

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