Major U.S. indices finish higher

by Jonathan Adams
Nasdaq 100

The Dow Jones Industrial Average advanced 0.1%, the S&P 500 gained 0.2% and the Nasdaq 100 Index added 0.9%

On Friday, the three major U.S. indices closed higher. The Dow Jones Industrial Average gained 37 points (+0.1%) to 29910, the S&P 500 added 8 points (+0.2%) to 3638 and the Nasdaq 100 Index rose 106 points (+0.9%) to 12258. Pharmaceuticals, Biotechnology & Life Sciences (+1.0%), Health Care Equipment & Services (+0.9%) and Semiconductors & Semiconductor Equipment (+0.8%) sectors led the rally.

Approximately 91% of stocks in the S&P 500 Index were trading above their 200-day moving average and 82% were trading above their 20-day moving average. The VIX Index fell 0.41pt (-1.9%) to 20.84.

Regarding U.S. economic data, October pending home sales and November Chicago PMI will be released later in the day.

The benchmark U.S. 10-year Treasury yield retreated to 0.8373% from 0.8816% in the prior session, halting a three-day rally.

WTI crude futures fell 0.4% to $45.53 a barrel.

Spot gold dropped 1.5% to $1,788 an ounce.

On the forex front, the U.S. dollar weakened further against its major peers, with the ICE Dollar Index dropping 0.2% to 91.79, the lowest close in 7 months.

EUR/USD rose 0.4% to 1.1962. Official data showed that the eurozone’s Economic Confidence Index fell to 87.6 in November from 91.1 in October. Later today, the bloc’s CPI for November will be reported.

GBP/USD lost 0.3% to 1.3314, down for a second straight session.

USD/JPY slipped 0.2% to 104.09. This morning, government data showed that Japan’s industrial production rose 3.8% on month in October, and retail sales grew 0.4%.

Commodity-linked currencies were broadly higher against the greenback. Both AUD/USD and NZD/USD gained 0.3%, while USD/CAD fell 0.2%.



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This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
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