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Wall Street Ended Higher Because The Report Of The Service Sector ISM

Latest Forex News Today - The U.S. stock market ended higher on Tuesday, with the Nasdaq composite index scored the highest level of all time, after a report the U.S. private sector activity disappointing is seen as likely to delay a rise in interest rates by the Federal Reserve.

Averega Dow Jones industrial index closed down about 45 points higher with shares of Chevron and Boein contributed to most of the reinforcement.

The Nasdaq composite index closed 0.4% higher at the highest level throughout his latest 5, 275.91, also scored the highest level of the latest daily, because the iShares Nasdaq Biotechnology (IBB) ETF rose more than 1%.

S&P 500 index strengthened around 0.3%, with energy shares rising more than 1.5%. The three indexes dropped into negative territory for a while after the ISM data was released.

ISM non manufacturing PMI index for the month of August was at level 51.4. Economists Reuters surveyed predicted the index would be level at 34.2, slightly lower than the reading of 55.5 in July. A figure above 50 indicate expansion, while a level below 50 indicate contraction.

Index Dow Jones industrial average rose 46.16 points, or 0.25 percent, to end at 18, 538.12, with Chevron leading the strengthening and Nike's biggest burden index.

S&P 500 index rose 6.50 points, or 0.3 percent, to closed at 2, 186.48, with the energy sector leading seven industrial sector higher and biggest burden index.

Meanwhile, the Nasdaq Index closed down 26.01 points higher, or 0.5% at 5, 275.91.

This post first appeared on Forex Today, please read the originial post: here

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Wall Street Ended Higher Because The Report Of The Service Sector ISM


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