US stocks end higher Apple led a rebound in technology shares and boosted all three major US stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States. The Dow Jones Industrial Average advanced 147.07 points, or 0.6 per cent, to end at 26,145.99. The S&P 500, rose 15.26 points, or 0.5 per cent, to 2,904.18 and the Nasdaq Composite Index climbed 59.48 points, or 0.8 per cent to finish at 8,013.71. Good morning Welcome to markets live blog. Catch all live market action here
The domestic equity market on Friday is likely to take cues from IIP data and headline inflation numbers, which came in post market hours on Wednesday. Industrial production for July grew at 6.6 per cent while CPI inflation eased to 10-month low of 3.69 per cent in August. Indian stocks and rupee made a sharp recovery on Wednesday after news reports surfaced PM Narendra Modi will hold a review meeting this weekend to find out ways to stop the free fall of rupee against the US dollar. Markets were closed on Thursday on account of Ganesh Chaturthi.
In the global markets, Asian shares nudged higher in the early trade as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite. At 08:15 am, the Nifty futures on SGX traded 45.50 points or 0.40 per cent higher at 11,490.50.
MSCI’s 47-country world index rose for a fourth straight day of gains, adding 0.58 per cent. MSCI’s broad emerging market stock index leapt 1.36 per cent.
The Nikkei 225 jumped 0.95 per cent in early trade while South Korea's Kospi gained 1.25 per cent. Hong Kong's Hang Seng index and China's Shanghai remained little changed in the early trade.
US stocks closed higher Thursday, with the S&P 500 gaining for a fourth straight session on the back of strong technology shares. The Dow Jones Industrial Average DJIA advanced 147.07 points, or 0.6 per cent, to end at 26,145.99 while the S&P 500 rose 15.26 points, or 0.5 per cent, to 2,904.18 and the Nasdaq Composite Index climbed 59.48 points, or 0.8 per cent to finish at 8,013.71.