Wall Street set to end the week on a high note with Bank

in #street4 years ago

Major equity indexes in the U.S. started the day on a positive note and extended their upside during the day led by gains seen in technology and financial shares.

The S&P 500 Financials Sector (SPSY), which closed the previous session with losses after the U.S. President Donald Trump in an interview said that the USD was going to get 'stronger and stronger,' reversed its course on Friday as the US Dollar Index erased yesterday's gains and was up 0.4% at the time of writing. Moreover, although today's Q4 (YoY) GDP reading missed the market expectation of 3% as it came unchanged at 2.6%, the data didn't indicate that the economy lost any momentum.

Commenting on today's data, “the Q4 print showed that domestic demand is strong – really strong – and perhaps beginning to push against the capacity constraints of the economy,” market economists at BNP Paribas told Reuters.

Meanwhile, boosted by Intel's upbeat earnings figures, which was released yesterday after the closing bell, the S&P 500 Information Technology Sector (SPLRCT) gained traction on Friday and advanced more than 1%. Into the last hours of the week, the tech-heavy Nasdaq Composite Index was adding 64 points, or nearly 0.9%, to 7,475.08.
@sorce-fxstreet

Sort:  

You got a 0.71% upvote from @postpromoter courtesy of @stronger.man!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

This post has received a 0.47 % upvote from @booster thanks to: @stronger.man.

This post has received a 0.74% upvote from thanks to: @stronger.man.
For more information, click here!!!!
Send minimum 0.100 SBD to bid for votes.


Do you know, you can also earn daily passive income simply by delegating your Steem Power to @minnowhelper by clicking following links: 10SP, 100SP, 500SP, 1000SP or Another amount

This post has received gratitude of 0.99 % from @appreciator thanks to: @stronger.man.

Coin Marketplace

STEEM 0.77
TRX 0.09
JST 0.074
BTC 56320.29
ETH 4254.19
BNB 607.90
SBD 7.06