{"id":115665,"date":"2017-10-30T07:59:44","date_gmt":"2017-10-30T11:59:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=115665"},"modified":"2018-06-01T15:53:35","modified_gmt":"2018-06-01T15:53:35","slug":"us-stocks-rise-on-above-expected-us-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/us-stocks-rise-on-above-expected-us-gdp-growth\/","title":{"rendered":"US stocks rise on above expected US GDP growth"},"content":{"rendered":"
October 30, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP 500, Nasdaq end at record highs<\/h2>\n<\/div>\n<\/div>\n

US stocks<\/b>\u00a0ended higher on Friday on strong quarterly results from technology giants. The dollar strengthened as Q3 GDP grew at above-expected 3%: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, added 0.3% to 94.88.\u00a0S&P 500<\/a>\u00a0gained 0.8% to record high 2581.07 led by technology shares, up 2.9%. The US broad market index added 0.2% for the week.\u00a0Dow Jones\u00a0<\/em>industrial average added 0.1% to 23434.19. The\u00a0Nasdaq\u00a0<\/em>composite jumped 2.2% to all-time high 6629.05.<\/p>\n

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European stocks advance<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>closed higher on Friday with market sentiment supported by positive reports. The\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>extended losses against the dollar as Catalonia parliament declared independence and Madrid ousted Catalonia\u2019s President Carles Puigdemont and dissolved his government. The Stoxx Europe 600 index ended the session up 0.6%, posting 0.9% gain for the week. The\u00a0DAX 30\u00a0<\/em>rose 0.6% to 13217.54. France\u2019s\u00a0CAC 40\u00a0<\/em>outperformed gaining 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>added 0.3% to 7505.03. Indices opened mixed today.<\/p>\n

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Asian indices mixed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today.\u00a0Nikkei\u00a0<\/em>ended flat at 22011.67 with yen little changed against the dollar. Chinese stocks are lower on concerns about bond market: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.8% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.2% lower. Australia\u2019s All Ordinaries Index is up 0.2% despite a stronger Australian dollar against the greenback.<\/p>\n

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Oil rally continues<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are higher today on talk major producers\u2019 production cut deal led by OPEC could be extended after March, current expiration date. Prices rose Friday: December Brent jumped 1.9% to $60.44 a barrel, gaining 4.7% for the week.<\/p>\n

\"BRENT\"<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets SP 500, Nasdaq end at record highs US stocks\u00a0ended higher on Friday on strong quarterly results from technology giants. The dollar strengthened as Q3 GDP grew at above-expected 3%: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, added 0.3% […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-115665","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=115665"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115665\/revisions"}],"predecessor-version":[{"id":115675,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115665\/revisions\/115675"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=115665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=115665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=115665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}