Updated 2015-08-10 22:09. Published 2015-08-10 22:06
When closing had The Dow Jones Industrial Average climbed 1.4 percent to the level of 17,615 while the technology dense Nasdaq rose 1.2 percent to 5.102. S & amp; P 500 rose, while 1.3 per cent to the level of 2104, led by the commodity and energy shares were supported by rising prices for oil and base metals.
China stock markets rose in Monday morning in the hope that the government of the country must speed up its restructuring of state-dominated companies. Moreover, added the disappointing export data from the country to the speculation that a stimulus package could be on the way.
“China started full with a rally at 5 percent, we were given a test of 200 day moving average on the S & amp; P 500, plus acquisition activity in Berkshire and PCP, and all gave good reason to lift the market, “said Mark Kepner, trader at Themis Trading, told Bloomberg News. He also highlighted that the exchange-pin during the last week attracted many buyers back.
At the company level was Monday’s big news that investment company Berkshire Hathaway announced purchases of Precision Castparts, a company that manufactures metal components the aerospace industry, in a deal worth $ 37.2 billion. Precision Castparts shares rose 19 percent, while Berkshire Hathaway fell 0.1 percent.
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