US open: Markets rise after holiday break

LONDON (ShareCast) – US stocks were rising on Friday as trading in capital markets resumed following the holiday celebrations. Early in the day the Dow Jones Industrial Average gained 0.56% to 17,923.28, the S&P 500 rose by 0.37% and the tech-laden Nasdaq advanced 0.58%.

“It was a disappointing end to 2014 for the USA, as the Dow Jones Industrials fell at the final hurdle following weak unemployment claims data, causing the index to be denied an 18,000 close to the year,” financial analyst from Spreadex Connor Campbell said.

“With the markets not fully re-engaging until next week, the US markets will be looking for the announcement of America’s ISM manufacturing PMI to inspire some bullish sentiment into the markets.” Crude futures were receding early in the day as WTI crude futures opened around 1.447% lower at $ 52.51 a barrel, while Brent futures dipped about 2.54% to $ 55.91 a barrel.

Campbell noted that “the revelation of an excess supply in Oklahoma, a delivery hub in the US, caused the commodity to once more resume its decline, wiping out the gains made at the end of 2014.” Over on COMEX, gold futures were falling 0.80% to $ 1,174.60 while the dollar was prevailing against the pound, the yen and the euro.

The yield on a benchmark US 10-year Treasury was retreating by six basis points to 2.12%.

Meanwhile, in the corporate world Vertex Pharmaceuticals was rising 3.4% while Danbury Resources was plummeting 5.31%.

S&P Futures

spfutures.org@imediaone.com

You may also like...

Rules of Discussion on US open: Markets rise after holiday break

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean