{"id":124297,"date":"2018-03-30T14:10:13","date_gmt":"2018-03-30T18:10:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=124297"},"modified":"2018-06-01T15:40:56","modified_gmt":"2018-06-01T15:40:56","slug":"technology-rebound-leads-us-stocks-recovery","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/03\/technology-rebound-leads-us-stocks-recovery\/","title":{"rendered":"Technology Rebound Leads US Stocks Recovery"},"content":{"rendered":"
March 30, 2018<\/div>
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By\u00a0IFCMarkets<\/a><\/p>\n

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All three main US stock indices advance<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>rebounded on Thursday led by technology recovery.\u00a0Dow Jones\u00a0<\/em>industrial average gained 1.2% to 24143. The\u00a0S&P 500\u00a0<\/em>added 1.4% to 2642 with ten of the 11 main sectors finishing higher. The\u00a0Nasdaq\u00a0<\/a>composite rose 1.6% to 7063. The dollar strengthened slightly: 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, inched up to 90.05. US financial markets will be closed today for Good Friday.<\/p>\n

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Recovery in technology majors Facebook, Amazon and Apple led the market rebound. Purchases of stocks by portfolio managers to improve performance reports of funds in the final trading day of quarter, known as \u201cwindow dressing,\u201d also supported the market sentiment. In economic news the 0.2% rise in PCE index in February, the Federal Reserve\u2019s preferred inflation gauge, was in line with expectations. Meanwhile the Chicago purchasing manufacturers\u2019 index for March fell sharply to 57.4, a one-year low, from 61.9 in February.<\/p>\n

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DAX leads European indices gains<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended gains on Thursday led by rally in auto maker shares. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound<\/em>extended losses against the dollar. The Stoxx Europe 600 index rose 0.4%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>outperformed jumping 1.3% to 12096.73. France\u2019s\u00a0CAC 40\u00a0<\/em>gained 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.2% to 7056.61. Markets will be closed in Europe for Good Friday.<\/p>\n

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Automaker shares rallied after news France\u2019s Renault is in talks to merge with Japan\u2019s Nissan Motor. Renault jumped 5.8%, Volkswagen and BMW gained 3.6% and 2.6% respectively. In economic news Germany\u2019s inflation rose to below expected 1.6% in March. And the UK\u2019s gross domestic product in the fourth quarter of 2017 was unchanged by the Office for National Statistics at 0.4% over quarter.<\/p>\n

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Nikkei leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stocks<\/b>\u00a0are higher today tracking Wall Street gains overnight.\u00a0Nikkei\u00a0<\/em>rose 1.4% to 21454.30 as Japan’s industrial output jumped in February despite yen strengthening against the dollar. Chinese stocks are higher: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.3% higher. Markets in Hong Kong and Australia are closed for Good Friday.<\/p>\n

\"HK50\"<\/p>\n

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Brent\u00a0<\/a>closes higher<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>advanced yesterday on lingering concerns US may re-impose economic sanctions on major oil exporter Iran curbing its crude oil exports while OPEC considers extending output cuts. Prices rose yesterday: Brent for May settlement gained 1.1% to close at $70.27 a barrel on Thursday.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Market Analysis provided by\u00a0IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0IFCMarkets All three main US stock indices advance US stock indices\u00a0rebounded on Thursday led by technology recovery.\u00a0Dow Jones\u00a0industrial average gained 1.2% to 24143. The\u00a0S&P 500\u00a0added 1.4% to 2642 with ten of the 11 main sectors finishing higher. The\u00a0Nasdaq\u00a0composite rose 1.6% to 7063. The dollar strengthened slightly: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124297","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124297","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=124297"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124297\/revisions"}],"predecessor-version":[{"id":124298,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124297\/revisions\/124298"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=124297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=124297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=124297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}