Broker Arena

March 14, 2016

US Stocks Keep On Rising

US Stocks Keep On Rising

Last Friday, DJIA was closed on 17213.31 level. In other words, it had 1.3% of rise. On the other hand, S&P 500 rose to 1.6% or 2022.19. The closings of both indices were recorded to be on the highest level since last 2015.

The rise of S&P 500 was pushed by the energy sector as it advanced to 2.2%. Not only by it alone, but it was also supported by the increase of oil price that reached the highest level of last three months.

Chevron became the stock with the highest rise after advancing to 7.6% on last week trade. Meanwhile, safe haven assets, such as gold and risk-free asset, had a correction. Gold futures fell 1% into 1258.70 per ounce.

The US stocks rise was followed by other major indices, such as Russell 2000 (2.22%), Global Dow (1.89%), Nikkei 225 (0.51%), and Stoxx Europe 600 (2.62%). Stoxx Europe 600 had the highest increase that was caused by ECB’s action last Thursday in which the interest rate was cut.

In such condition, stock investors are advised to anticipate the interest rate hike rumor. It is so to mitigate the risk of leaving the portfolio of risky assets for portfolio of fixed-income assets. At the moment, regarding the attempt to achieve the desired level of inflation rate, The Fed is still concerned about the labor payroll. However, a number of investors are certain that the hike would eventually take place in mid-year.

No votes yet.
Please wait...
0 likes Market notes
Share: / / /

Leave a Reply

Explore sections
Top 10 Forex Brokers
  1. Pepperstone
    Rating: 5.0. From 1 vote.
  2. Tickmill UK
    Rating: 5.0. From 1 vote.
  3. FX Pro
    Rating: 5.0. From 1 vote.

Subscribe to get our Premium ideas for trading!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Broker Arena will use the information you provide on this form to be in touch with you and to provide updates and marketing.