Singapore Companies News
Fed Raises Rate In Line With Expectations Discovered on 17 Mar 2017 at 4:33 am
US Federal Reserve ended the FOMC meetings by raising its benchmark interest rate by another 25 basis points and signaled two more hikes this year, on the back of strong employment data and noting that inflation is moving towards its target. In line with general market’s expectations, Wall Street responded with all three benchmark indices closing higher after the announcement. Over the fortnight, Nasdaq gained 0.7 percent to close at 5,900.76 while S&P 500 remained flat at 2,381.38. Dow Jones...
Trump’s Speech Sparks Dow Rally Discovered on 3 Mar 2017 at 3:45 am
Wall Street cheered as Dow Jones Industrial Average (DJIA) closed at 21,115.55 on 1 March for the first time in history. This came after Trump’s sanguine speech to the Congress that lifted investors’ sentiments. To sum it up, DJIA advanced 1.9 percent for the fortnight closing at 21,002.97. Likewise, S&P 500 and Nasdaq Composite Index both gained 1.5 percent and 0.8 percent closing at record territories of 2,381.92 and 5,861.22 respectively.
Buoyant Sentiments Underpinned By Trump’s Promised Tax Plans Discovered on 17 Feb 2017 at 3:26 am
All major indices on Wall Street continued to stage a strong rally, against a backdrop of US President Trump’s promise of a phenomenal tax plan in the not-too-distant future. Dow Jones Industrial Average registered another historical high again in the uncharted territory by closing at 20,619.77 on 16 February, adding another 3.7 percent over the past two weeks. Similarly, both S&P 500 and Nasdaq Composite Index marked out historical highs of 2,349.25 and 5,819.44 respectively after extending ...
Dow Jones Breaks 20,000 Psychological Resistance Discovered on 3 Feb 2017 at 3:33 am
Over the last fortnight, investors take cue from the West for market direction and sentiment with the China and Hong Kong markets closed to celebrate Lunar New Year. Markets welcomed US president-elect Trump’s inauguration with continued rally, as the Dow Jones finally broke the 20,000 psychological level for the first time ever in history.
Global Equities Begin New Year On Positive Note Discovered on 13 Jan 2017 at 3:46 am
In the last fortnight, global equities mostly traded up on positive market sentiments. The first trading day of the New Year saw most equity markets closing in the black, with the Hang Seng Index climbing 0.7 percent, while Nikkei and Shanghai Stock Exchange Composite Index up 2.5 percent and 1 percent respectively.