US stocks close at 1% on Wall Street

The US stocks ended the third session of trading for this week after a short session at the weekend and the pulse of trading on Tuesday due to Christmas holidays, the green for the second session in a row after the loss of losses on Thursday, Which in one way or another confirms that the recent sell-off trend may have passed and that the indicators are rebounding from the bottom it achieved at the beginning of the week.

On the 22nd of December, the US Unemployment Claims fell by 1K to 216K compared to the previous week's reading and expectations of 217K. This month fell 4K to 1,701K, higher than expected at 1,675K.

This came in conjunction with the disclosure of housing market data and the release of house prices, which showed growth accelerated to 0.3% in line with expectations compared to 0.2% last October, and before we see the reading of the consumer confidence index for the month, which reflected the contraction of the breadth to the value of 128.1 compared to 136.4 last November, worse than expectations of a contraction of the widening to 133.7.

US President Donald Trump said on Tuesday that the government's closure would continue until a deal was secured to build a wall along the border with Mexico. He said the $ 5 billion financing of the wall was negotiable and he expressed confidence in Treasury Secretary Sevin Menuchin's remarks. The Federal Reserve raises interest rates at a rapid pace, as the government closes its sixth day in a row.

Stocks fell about two percent for a fourth consecutive session on Monday, with concern about the partial closure of the federal government and slowing global economic growth before rebounding on Wednesday, buoyed by a strong shopping season that reflected its best performance in six years with rising Sales by more than 5% to over $ 850 billion, according to MasterCard in its report at the time.

The Dow Jones index rose more than 1,000 points for the first time in its history and the S & P and Nasdaq indexes reversed their best daily performance in almost a decade, shrinking losses this month, which widened following the Federal Reserve's interest rate hike by 25 basis points for the fourth time this year to between 2.25% and 2.50% last week, with reference to move forward in reducing bond buybacks.

The Dow Jones Industrial Average ended the session up by 1.14% or 260.37 points at 23,138.82 points. The Standard & Poor's 500 Index rose 0.86%, or 21.13 points, to 2,488.83 points, while the NASDAQ Composite Index rose 0.38% Or 25.14 points to close at 6,579.49 points.

Elsewhere, gold futures for February delivery rose 0.63% to currently trade at $ 1,278.10 compared to the opening at $ 1,270.10 an ounce, with the US dollar index falling 0.36% to 96.57 compared to the opening at 96.92.

On the other hand, NYMEX crude futures for February delivery fell 2.51% to trade at $ 45.41 per barrel compared to the opening at $ 46.58 per barrel. Crude oil prices also fell 2.97% to 14.5% at 53.59. $ Per barrel compared to the opening price of $ 55.23 per barrel.


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