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US indices post first winning session of the week

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  • US Market
  • 5 months ago
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Despite the disappointing figures from JPMorgan & Chase along with the current slowdown in China’s economy the US indices rallied for the first time since last Thursday.

The DJIA climbed by 0.7%, while the S&P 500 gained 1.1%, posting its first close above 2,600 points since last December 1.

Should it continue to keep a hold on that level it’s a good indicator that it has seen the worst of the selloff pressure seen in last month.

Finally, the Nasdaq Composite was the biggest gainer of the day with a surge of 1.7%, also hitting the benchmark of 7,000 points forth first time since last December.

 

 

Source: Smart Trend Team