Wall Street Today: US Stock in-Line inflation data increase, apple 2.2% profit

Wall Street Today: US Stock in-Line inflation data increase, apple 2.2% profit


Wall Street Stock was opened more on Friday, headed after its excited results in Apple and on an in-line federal Reserve-Inflation of the man.

09:40 pm ET, Dow Jones Industrial Average 115.92 points or 0.26%, 44,998.05, S&P 500 got 25.98 points, or 0.43%, 6,097.15, and Nasdaq Composite got 160.80 points, or 0.82%, or 0.82%, or 0.82%. 19,842.55.

In the initial bell, Dow Jones Industrial Average rose 172.2 points or 0.38%to 45054.36. S&P 500 25.6 points, or 0.42%increased to 6096.79, while NasDAQ composite increased to 150.6 points or 0.77%, 19832.333.

AppleThe stocks increased by 2.2% after reporting a strong quarterly profit.

Among other companies reporting results, Colgate-Palmolive fell 5.2 percent, exonmobil 2.3 percent and visa advanced 0.4 percent.

The yield on 10-year-old Treasury was reduced from 4.52% to 4.51% on Thursday.

Personal Consumption Expenditure (PCE) Price Index rose 2.6 percent in December to December in 12 months, above 2.4 percent in November, but analyst in accordance with expectations.

The data comes before the February 1 deadline after which US President Donald Trump has said that he can impose tariffs on Canada, Mexico and China.

Bullion

After repeating the dangers to put tariffs on Mexico and Canada, US President Donald Trump, Gold prices reached a record high as investors grow for safe haven.

For the first time on Friday, the bullion topped $ 2,800.

Spot Gold added 0.4% $ 2,804.86an ounce in London as 1:14 pm.

Trump said he would pursue 25% levy on imports from Canada and Mexico on 1 February.

Crude oil

Oil prices were stable on Friday as the markets were waiting to see if Trump would follow through the danger of his tariff.

Brent crude futures for March, which ended on Friday, was 9 cents below $ 76.78 per barrel by 1420 GMT. The US West Texas Intermediate Crude decreased from 2 cents to $ 72.71.

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