US stocks rose on Monday and the upturn is now in the sixth week. According to analysts, it is mainly China’s unexpected interest rate cut last week that continues to keep spirits up among investors.
The technology belonged to the winners and technology giant Apple acted as a locomotive with a price increase of 1.8 percent.
The energy sector continues to sagga, weight of the continuously falling oil price has fallen by about 30 percent since June. The oil group Exxon’s shares fell 1.1 percent.
The Dow Jones industrial index rose marginally 0.04 percent, while the Nasdaq composite index rose 0.9 percent.
No comments:
Post a Comment