{"id":136405,"date":"2018-11-01T06:42:37","date_gmt":"2018-11-01T10:42:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136405"},"modified":"2018-11-01T06:42:37","modified_gmt":"2018-11-01T10:42:37","slug":"us-stocks-extend-gains-on-positive-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-stocks-extend-gains-on-positive-reports\/","title":{"rendered":"US stocks extend gains on positive reports"},"content":{"rendered":"
November 1, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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US three main indices end month lower<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> extended gains on Wednesday supported by better than expected corporate reports and economic data. The S&P 500<\/a> gained 1.1% to 2711.68. The Dow Jones <\/em> industrial average added 1% to 24583.42. Nasdaq <\/em> composite index rallied 2% to 7305.90 led by Facebook on better than expected quarterly results. While the two-day rally paired significantly losses from recent stock market downturn, the three main stock indices closed the month with sizable losses: 5.1% – 9.2%. The dollar strengthening slowed as earnings growth remained at the 2.8% over-year level in the third quarter, a 10-year high, while labor costs rose 0.8%. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.1% to 97.076 but is lower currently. Futures on stock indices point to lower openings today.<\/p>\n

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FTSE 100 opens lower than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended solidly higher on Wednesday led by drug and energy shares. The GBP\/USD<\/em> turned higher, while EUR\/USD <\/em> extended losses despite a rise in euro-zone inflation for October in line with expectations. Both pairs are higher currently. The Stoxx Europe 600 rose 1.7%. Germany\u2019s DAX 30 <\/em> gained 1.4% to 11447.51. France\u2019s CAC 40 <\/a> outperformed rallying 2.3% and UK\u2019s FTSE 100 <\/em> added 1.3% to 7128.10. Indices opened flat to 0.5%lower today.<\/p>\n

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Hang Seng leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher tracking Wall Street gains overnight. Nikkei <\/em> however lost 1.1% to 21687.65 as yen extended gains against the dollar. China\u2019s stocks continued the rebound as China factory activity resumed expanding in October as evidenced by Caixin PMI: the Shanghai Composite Index <\/em> is up 0.1% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.4% higher. Australia\u2019s All Ordinaries Index added another 0.2% while the Australian dollar turned higher against the greenback.<\/p>\n

\"AU200<\/p>\n

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Brent <\/a> up despite US inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. Prices fell yesterday after the Energy Information Administration report that US crude stockpile rose 3.2 million barrels last week, the sixth straight weekly build. Prices fell: December Brent crude lost 0.6% to $75.47 a barrel on Wednesday.<\/p>\n

\nMarket 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 US three main indices end month lower US equities extended gains on Wednesday supported by better than expected corporate reports and economic data. The S&P 500 gained 1.1% to 2711.68. The Dow Jones industrial average added 1% to 24583.42. Nasdaq composite index rallied 2% to 7305.90 led by Facebook on better than expected […]<\/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-136405","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136405","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=136405"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136405\/revisions"}],"predecessor-version":[{"id":136407,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136405\/revisions\/136407"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}