Wall Street rebounds on Friday led by decisive gains in tech shares

Major equity indexes in the United States started the day in the positive territory on Friday as easing trade worries allowed risk-appetite to take co  |  24/05/2019 13:56

Major equity indexes in the United States started the day in the positive territory on Friday as easing trade worries allowed risk-appetite to take control of the price action. The CBOE Volatility Index, Wall Street's fear gauge, was last down 5.6% on the day to reflect the upbeat mood while the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were adding 0.5%, 0.45% and 0.6%, respectively.

U.S. President late on Thursday said that he was hopeful that at some point they could come together with China to make a deal. "Things probably are going to happen with China fast," Trump added.

Among the 11 major S&P 500 sectors, the risk-sensitive Technology Index is gaining 0.83% to lead the rally while the Communication Services Index is adding 0.6%. On the flip side, the Consumer Staples Index seems to be the only sector that's in the negative territory in the early trade.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com