{"id":144141,"date":"2019-03-22T06:48:37","date_gmt":"2019-03-22T10:48:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144141"},"modified":"2019-03-22T06:48:37","modified_gmt":"2019-03-22T10:48:37","slug":"technology-rally-leads-us-stocks-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/technology-rally-leads-us-stocks-higher\/","title":{"rendered":"Technology rally leads US stocks higher"},"content":{"rendered":"
March 22, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as Philadelphia Fed index recovers<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Thursday led by technology. The S&P 500 <\/em> rose 1.1% to 2854.88 led by 3.7% Apple surge on analysts\u2019 upgrade. The Dow Jones <\/em> industrial average advanced 0.8% to 25709.94. Nasdaq <\/a> composite index rallied 1.4% to 7630.91. The dollar weakening stalled as the Philadelphia Fed\u2019s business activity index rebounded in March indicating improving conditions. 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 0.4% to 96.31 but is lower currently. Futures on US stock indexes point to mixed openings today.<\/p>\n

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FTSE 100 rise as EU agrees to Brexit delay<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally lower on Thursday. EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> slide as the Bank of England held interest rates steady, as widely expected. Both pairs are higher currently. The Stoxx Europe 600 index slipped 0.04%. Germany\u2019s DAX 30 <\/a> lost 0.5% to 11549.96. France\u2019s CAC 40 <\/em> slid 0.1% while UK\u2019s FTSE 100 <\/em> advanced 0.9% to 7185.43 as European Union agreed to postpone Britain\u2019s March 29 departure to May 22 if the UK parliament approves Prime Minister Theresa May\u2019s amended deal with the EU next week. In case of another rejection Britain will have until April 12 to \u201cindicate a way forward.\u201d<\/p>\n

\"GB100<\/p>\n

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Asian indices inch higher<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> ended 0.1% higher at 21627.34 with yen little changed against the dollar. China\u2019s stocks rose as Beijing confirmed Thursday that US Trade Representative Lighthizer and Treasury Secretary Mnuchin will visit China on March 28-29, while Chinese Vice Premier Liu He will travel to Washington early next month to continue the negotiations. The Shanghai Composite Index <\/em> rose 0.1% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% higher. Australia\u2019s All Ordinaries Index extended gains 0.5% with Australian dollar flat against the greenback.<\/p>\n

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Brent <\/a> retraces up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are gaining today. Prices declined yesterday: Brent for May settlement closed 0.9% lower at $67.86 a barrel on Thursday.<\/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 Dollar strengthens as Philadelphia Fed index recovers US stock market rebounded on Thursday led by technology. The S&P 500 rose 1.1% to 2854.88 led by 3.7% Apple surge on analysts\u2019 upgrade. The Dow Jones industrial average advanced 0.8% to 25709.94. Nasdaq composite index rallied 1.4% to 7630.91. The dollar weakening stalled as the […]<\/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-144141","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144141","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=144141"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144141\/revisions"}],"predecessor-version":[{"id":144148,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144141\/revisions\/144148"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}