EQUITY WORLD, Wall Street estimates will then be a positive move if the data Existing Home Sales increased realized. Will also look to US President Donald Trump and crude oil prices, as well as earnings reports
US stocks closed at a record high in late trading on Wednesday morning (22/02) supported the increase in crude oil and government policies Trump.
Crude oil prices rose to a near three-week high in late trading on Wednesday morning (22/02) after OPEC expressed firm in a deal to cut output and expect other manufacturers to join in the effort to reduce global glut. The price of US crude oil futures closed up 66 cents, or 1.2 percent, at $ 54.06, down from a session peak of $ 54.68.
The White House announced Monday that Lt. Gen. H. R. McMaster will be the new national security adviser. McMaster replaces Michael Flynn, who resigned last week.
Analysts said that the policy is very good for the market. This decision helped ease some concerns the administration of President Donald Trump.
EQUITY WORLD : The Dow Jones Industrial Average gained more than 100 points, with Boeing and UnitedHealth contributed the most to gain.
The S & P 500 rose 0.6 percent, with the real estate led all sectors higher.
The Nasdaq composite index rose 0.47 percent.
The Russell 2000 index, which consists of small capitalized stocks, also reached a new record.
Investors also digested some of the quarterly results of companies, including retail giant Macy’s and Home Depot. Macy posted mixed results, with earnings that beat market forecasts but fell in sales, while Home Depot exceeded Wall Street forecasts.
Stocks were also reached a record last week has been rallying since the US election, as investors have piled on bets that the new government will be able to undertake significant corporate tax cuts and deregulation. Three large cap index and the Russell has gained more than 10 percent since the election.
Following the higher equity markets has made the US dollar was trading around half a percent higher against a basket of currencies, as market expectations for tighter monetary policy has increased.
The dollar index, which tracks the performance of the US currency against six major currencies, was down about 1 percent this year but has gained nearly 4 percent since 8th of November.
In economic news, a reading on the flash Markit purchasing managers index IHS US reached 54.3 for February, fell slightly from a 14-month peak in January. EQUITY WORLD, Surveying latest data show that business optimism is moderated between private US company in February, driven by weak confidence in the service economy, according to the IHS.
The Dow Jones Industrial Average rose 118.95 points, or 0.58 percent, to close at 20 743, with shares of Wal-Mart who rose highest and Caterpillar shares fell the most.
The S & P 500 rose 14.22 points, or 0.6 percent, to end at 2,365.38, with the real estate led all 11 sectors higher.
The Nasdaq index rose 23.37 points, or 0.47 percent, to close at 5,865.95.
Tonight will be released the data the US Existing Home Sales in January indicated increased ..