Wall Street trades in the green as interest rates slide

Markets 10/11/2018, 4:04 PM
Wall Street trades in the green as interest rates slide

All three major Wall Street indexed traded in the green on Thursday, reversing losses from earlier in the session when the Dow Jones opened over 100 points lower. The investment incentives were higher as the interest rates fell while market watchers also digested a string of economic data released before the bell. During the previous session, the blue-chip index lost over 800 points amid a market selloff triggered by the fear of rising interest rates. The tech sector also seemed to have recovered with major companies adding around 1%.

The Dow Jones Industrial Average index added 0.14% at 4:02 pm CET. Microsoft was among the main advancers, up 1.04%.

The S&P 500 gained 0.11% at the same time.

The Nasdaq 100 rose 0.75% at 4:02 pm CET. Facebook traded 0.87% in the green while Apple increased 0.66%. In the meantime, Alphabet shares rose 0.81% while Netflix stock added 1.12%.

The euro traded 0.32% higher against the US dollar to sell for 1.1557 at 4:08 pm CET.

Breaking the News / VK



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