wall street unimpressed by strong us growth numbers
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Wall Street unimpressed by strong US growth numbers

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Wall Street unimpressed by strong US growth numbers

New York Stock Exchange
New York - AFP

 Wall Street shares headed mostly lower in early trade Thursday even as the US economy turned in a much stronger than expected performance in the third quarter.
It took an 8.2 percent surge in Visa shares, driven by its strong quarterly earnings report, to hold the Dow Jones Industrial Average in positive territory.
About an hour into trade, the Dow was up 93.55 points (0.55 percent) at 17,067.86.
Meanwhile the broad-based S&P 500 fell 1.24 (0.06 percent) to 1,981.06, while the tech-rich Nasdaq Composite lost 15.36 (0.34 percent) at 4,533.87.
The official first estimate of third-quarter US growth came in at a peppy 3.5 percent, more good news on the economy a day after the Federal Reserve expressed greater optimism about the state of the jobs market.
But that fed some worries that the central bank could hike interest rates earlier than the mid-2015 target that it has signaled up to now.
Credit card giant Visa propped up the blue-chip index on the back of a nine percent gain in fiscal fourth-quarter revenues to $3.23 billion and a 17 percent rise in earnings per share, to $2.18, both handily beating forecasts.
Visa shares jumped 8.2 percent to $232.16.
Most of the rest of the Dow blue chips were lower, led by Microsoft (-1.4 percent) and Intel (-2.3 percent).
Facebook continued its fall on expectations of slower growth as the company ramps up research spending; shares were off 2.6 percent.
Israeli generic pharmaceuticals maker Teva added 1.7 percent on a 23 percent earnings gain, and Chinese Internet search engine Baidu surged 3.5 percent as it reported a 52 percent increase in third-quarter revenues.
Bond prices were higher. The yield on the 10-year US Treasury fell to 2.29 percent from 2.32 percent Wednesday, while the 30-year dipped to 3.02 percent from 3.05 percent. Bond yields and prices move inversely.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street unimpressed by strong us growth numbers wall street unimpressed by strong us growth numbers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street unimpressed by strong us growth numbers wall street unimpressed by strong us growth numbers

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 17:49 2013 Tuesday ,21 May

New and unique gigs in awe-inspiring locations

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 11:10 2013 Wednesday ,19 June

Qadiwi denies coach snub

GMT 09:20 2017 Tuesday ,10 October

Yemen government calls for releasing 8 fishermen

GMT 08:43 2017 Wednesday ,15 March

Saber Al Robaei celebrates birthday with family

GMT 14:03 2018 Saturday ,13 January

IGCF to Debate Impact of Digital Age

GMT 08:42 2017 Thursday ,24 August

France seeks UN force in Lebanon's extension

GMT 13:33 2012 Thursday ,20 September

Mohammed bin Rashid tours DEWA

GMT 07:30 2016 Tuesday ,02 February

Iraq oil exports up but revenue plunges on low prices

GMT 17:31 2015 Wednesday ,23 December

Man vs machine: Robot plans to beat 80% students in exam

GMT 11:06 2013 Tuesday ,01 October

New York spreading wireless access across city

GMT 10:07 2016 Tuesday ,27 December

Huge crowd joins Mexican teen's party

GMT 21:02 2013 Thursday ,12 December

Canada needs a revolution in math education
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice