• SENSEX  
    ( -2.39%)
  • USDINR  
    ( 0.49%)
  • GOLD  
    ( 1.11%)
  • Foreign Markets - Detailed News
US Stocks end higher
31-Jan-20   09:13 Hrs IST
The US equity market finished session higher on Thursday, 30 January 2020, after brushing off initial losses related to fears about the global coronavirus outbreak. Traders resumed bargain buying late hour after the World Health Organisation declared the coronavirus an international emergency but did not recommend restrictions on the movement of people. At closing bell, the Dow Jones Industrial Average gained 124.99 points, or 0.4%, to 28,859.44, the S&P 500 index gained 10.26 points, or 0.3%, to 3,283.66 and The Nasdaq Composite advanced 23.77 points, or 0.3%, to 9,298.93.

Major indexes began the day lower after reports showed another spike in the number of cases stemming from the outbreak. Airlines canceled flights, several companies shut down factories in China and officials from different countries issued guidance discouraging unnecessary travel.

But as the day progressed, shares that worst hit in recent selling—bounced off their lows. Traders attributed some of the market's rebound to remarks made by World Health Organization officials, who in a briefing acknowledged the seriousness of the outbreak but said they weren't recommending restrictions on international trade and travel.

The World Health Organization declared coronavirus a public health emergency of international concern, after the disease has spread to 18 different countries, with person-to-person transmissions occurring within the borders of Germany, Japan, Vietnam, and the U.S., as well as China, where the outbreak began.

The Centers for Disease Control and Prevention confirmed the first case of transmission of the disease within U.S. borders on Thursday. Five other Americans have been infected with the disease while abroad. Chinese authorities on Thursday said more than 7,700 people have been infected, with at least 170 dead.

Tesla rocketed up 10.3% as fourth-quarter earnings topped expectations and the company characterised 2019 as a turning point after years of losses. The electric car manufacturer plans to deliver more than a half million vehicles in 2020, 36% more than 2019.

Shares of Coca-Cola gained 3.3%, after the company posted better-than-expected fourth-quarter results Thursday.

Microsoft gained 2.8% after the software maker said its cloud business helped drive profits, while sales climbed to a record.

Cigarette maker Altria Inc slid after announcing a US$4.1 billion write-down of its Juul investment, further slashing the value of the once high-flying e-cigarette company, which faces lawsuits and a regulatory crackdown.

Package delivery firm United Parcel Service Inc dropped after it forecast full-year earnings below estimates.

ECONOMIC NEWS FRONT: US Q4 GDP Unchanged At 2.1% -US real gross domestic product climbed by 2.1% in the fourth quarter, unchanged from the third quarter, according to a report released by the Commerce Department on Thursday. The fourth quarter GDP growth reflected positive contributions from consumer spending, government spending, residential fixed investment, and exports as well as a decrease in imports, which are a subtraction in the calculation of GDP. Meanwhile, negative contributions from private inventory investment and non-residential fixed investment limited the upside. The pace of GDP growth was unchanged from the previous quarter even though consumer spending growth slowed to 1.8% in the fourth quarter from 3.2% in the third quarter.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !