OctaFX | OctaFX Forex Broker
Open trading account
Back

US stocks open with modest gains; S&P 500/Nasdaq hit fresh all-time highs

Major US equity indices opened with modest gains on Friday, in what will be a shortened session and as Black Friday holiday shopping kicks off.

The broader S&P 500 Index and tech-heavy Nasdaq Composite Index touched fresh intraday record highs immediately after the opening bell, with the Dow Jones Industrial Average also moving within striking distance of its all-time high level.

The US markets were closed on Thursday on the back of Thanksgiving Day holiday and thin trading conditions are expected to prevail as participants would steer away from making any big trading bets. Nevertheless, all the three major indices remain on track to close the holiday-shortened week on a positive note, with gains of anywhere between 0.7% - 1.2%.

Meanwhile, investors continue to assess the latest Federal Reserve meeting minutes, which suggested that the pace of future interest rate hikes, post-December, could be more moderate on concerns over stubbornly low inflationary pressure.

USD/CAD turns flat near 1.27 handle as greenback weakens

The USD/CAD pair, which staged a modest recovery and rose towards mid-1.27s on Friday, reversed course in the last hour and dropped to a fresh daily l
Read more Previous

US: Services PMI posted 54.7 in November to signal slowest expansion since July - Markit

"The seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index posted 54.7 in November, down from 55.3 in October, to signal the
Read more Next
Start livechat