US stocks ended the second trading session this week on green with Netflix shares leading the gains in technology stocks that led Wall Street rallies on Tuesday and amid investors' optimism about China's stimulus to boost the performance of the world's second largest economy. Signs of a slowing Chinese economy during recent times.
Which eventually overshadowed the economic developments and data that followed Tuesday on the US economy, which came in total disappointing in conjunction with the entry of partial closure of the federal government for the fourth week in a row and to the vote of the British parliament to reject the British exit agreement from the European Union, which may lead For an anarchic separation or to cancel the entire disengagement process over the next few weeks.
We saw the PPI reading, which is a preliminary index of inflationary pressures, which showed a contraction of 0.2% from 0.1% in November, worse than the 0.1% contraction. At 2.5%, unchanged from previous year's reading for the month of November, in line with expectations.
In the same context, the core reading of the PPI showed a contraction of 0.1% from 0.3% in November, in contrast to expectations of a slowdown of 0.2%. The core annual reading of the index itself showed a 2.7% It was in the previous annual reading for the month of November, contrary to expectations that indicated accelerated growth to 2.9%.
This came in conjunction with the release of the New York Industrial Index, which showed a contraction of the widening to 3.9 from 10.9 last December, contrary to expectations at 11.6, and up to the talk of a member of the Federal Open Market Committee and the head of Kansas City Bank George About economic outlook and monetary policy.
The Dow Jones Industrial Average ended the session up 0.65% or 155.75 points at 24,065.59 points. The Standard & Poor's 500 Index rose by 1.07% or 27.69 points to close at 2,610.30 points, while the NASDAQ Composite Index rose 1.71% Or 117.92 points to close at 7,023.83 points.
Elsewhere, gold futures for February delivery fell 0.15% to currently trade at $ 1,289.40 compared to the opening at $ 1,291.30 an ounce, while the US dollar index rose 0.37% to 95.97 compared to the opening at 95.61.
On the other hand, Nymex crude futures for February delivery rose 2.93% to trade at $ 51.99 per barrel, compared with the opening at $ 50.51 per barrel, and crude oil prices of Brent crude for delivery on March 15 rose 2.64% At $ 60.55 per barrel compared to the opening price of $ 58.99 per barrel.