Wall Street Lifted by Gains in Techs, Energy
Wednesday, 27 March 2019 00:09 WIB | MARKET UPDATE |Wall StreetSaham AS

Wall Street's main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices.

Supporting sentiment was stabilizing yields, with the benchmark 10-year Treasury yields rising off 15-month lows and a closely watched part of the yield curve less inverted.

Markets slid on Friday, when the U.S. Treasury yield curve inverted for the first time since 2007 and added to worries of a global economic slowdown.

Apple Inc rose 1.83 percent, a day after the iPhone maker unveiled its video streaming service, a credit card and an online gaming arcade.

Financials were up 0.86 percent and the sector was set to snap a five-day losing streak, with the S&P banking sector gaining 0.90 percent.

At 11:03 a.m. ET, the Dow Jones Industrial Average was up 260.97 points, or 1.02 percent, at 25,777.80. The S&P 500 was up 29.45 points, or 1.05 percent, at 2,827.81 and the Nasdaq Composite was up 88.82 points, or 1.16 percent, at 7,726.36.

Source : Reuters


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