US-European stock market rally: U S stock markets fall
Source: Internet
Author: User
KeywordsGains
The US stock market closed all online, with the Dow Jones closing up 172.54 points to 8,472.40, or 2.08%. European stock markets fell, with the Dow Jones European Stoxx 600 falling 0.9%, to 204.43, Germany's DAX 30 index fell 0.7%, the French CAC-40 index fell 0.7%, the UK FTSE 100 index fell 0.6%. US stock Market Thursday review: US stock market close full online Yang,bed Bath & Beyond was boosted by a performance report, with the Student Loan Marketing Association (Sallie Mae) falling as the analyst's rating rose higher. The Dow Jones index closed up 172.54 points to 8,472.40, or 2.08%. The standard and Poole 500 index rose 19.33 points to 920.28, or 2.15%. The Nasdaq composite index rose 37.2 points to 1,829.54, or 2.08%. Economic data: In Thursday, the revised data released by the U.S. Department of Commerce (Commerce Department) showed a 5.5% per cent decline in gross domestic product (GDP) in January-March, adjusted for seasonal factors. Data released one months ago showed GDP in the first quarter falling by 5.7% per cent. The United States Department of Labor (Labor Department) said in a weekly report in Thursday that as of June 20, the number of first-time jobless claims had increased by 15,000 to 627,000 in the week. Economists previously surveyed by Dow Jones Newswires (Dow Jones Newswires) were expected to cut 3,000. The number of first-time jobless claims in the previous week was revised upwards. Stock Dynamics:bed Bath & Beyond performance boosted non-essential consumer goods stocks higher. Bed Bath & Beyond Rose 2.69 dollars to $31.08, or 9.5%. The company's first fiscal quarter profit growth 14%, better than Wall Street expected, thanks to sales growth. The Student Loan Marketing Association rose 87 cents to $9.2, or 10%. JPMorgan raised its rating from neutral to overweight. The company's transition from a lending institution to a loan service provider will reduce the interest rate and financing risks it faces, thereby increasing the certainty of profitability. Nike fell 1.74 dollars to $51.28, or 3.3%. The company's fourth-quarter profit fell 30%, by a 195 million dollar restructuring spending. Revenue and profit rates declined in the quarter, with orders falling in all regions. Hertz Global Holdings rose 1.12 dollars to 8.13 U.S. dollars, or 16%. The company expects the second-quarter results to be higher than analysts ' expectations, thanks to increased cost savings. The company says demand in the US and Europe is stabilizing and summer bookings are improving.European stock markets Thursday review: European equities closed lower in Thursday, returning some of the gains in Wednesday and bank shares falling ahead of concerns about economic fundamentals. The Dow Jones European Stoxx 600 index closed down 0.9%, to 204.43 points. All stocks fell, but bank shares fell, with HSBC Holdings (HSBC Holdings) falling 4.4% per cent 2.4%, Credit Suisse. UBS fell 6.5%. Fortis Bank strategist Philippe Gijsels said the Fed's good news no longer has the effect of pushing the market higher. He expects economic data in the summer and autumn to disappoint the market, which will be one of the main causes of short-term market declines. Industrial output in the eurozone April fell 35.5% from a year earlier, compared with last month's 1.0%,. Germany's DAX 30 index fell 0.7%, to 4,800.56; the French CAC-40 index fell 0.7%, to 3,163 10, while the FTSE 100 index closed down 0.6%, to 4,252.57. BP fell 0.2%. Carl-henric Svanberg, Ericsson's chief executive, will replace Petersutherland as chairman of the company, BP said. Ericsson. Ericsson fell 2.1%. Adidas (Adidas) fell 2.7% 0.7%; Puma (Puma).
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.