logo |

News

    Home   >     Industry    >     Main body

    US Stock Market Overview – Stocks Rise Led by Energy as Vaccine Sentiment Remain Positive

    Abstract:PPI rose more than expected

      Stocks are ending the week on a firm note, and are holding onto upside gap breakouts achieved earlier in the week. Most sectors in the S&P 500 index were higher, led by energy shares, utilities were the worst-performing sector in the S&P 500 index. Joe Biden was declined the winner in George, while President Trump was declared the winner in North Carolina. US PPI rose in October, while the University of Michigan sentiment index slumped.

      US PPI Rises

      The Labor Department said its producer price index climbed 0.3% in October, driven by more expensive food and gasoline, after rising 0.4% in September. It was the sixth straight monthly increase in the PPI. A 0.5% increase in the price of goods accounted for nearly 60% of the gain in the PPI. Goods rose 0.4% in September. On a year over year basis, the PPI advanced 0.5% after rebounding 0.4% in September. Economists had forecast the PPI would rise by 0.2% in October and increase 0.4% on a year-on-year basis. Core PPI, which excludes food and energy gain 0.2% in October. The core PPI advanced 0.4% in September. On a year-over-year basis core, PPI increased 0.8% after rising 0.7% in September.

      The University of Michigan‘s consumer sentiment index dropped to 77 early this month from a final reading of 81.8 in October. Expectations had been for the index to remain near 82. The survey’s measure of current conditions was steady. Its gauge of expectations fell to 71.3 from 79.2.A measure of expectations among Republicans declined to 76.4 from 96.4. It edged up to 69.3 from 68.6 among Democrats. The survey from the University of Michigan on Friday also showed Democrat Joe Bidens victory in the November 3 presidential election was weighing on expectations among Republicans, with a slight gain among Democrats.

    Latest News

    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.