Dow Jones clinches over 170 points; Nasdaq composite achieve record close
U.S. equities spiked higher on Thursday’s trading session, as a couple of companies released their quarterly financials while U.S. treasury secretary Steven Mnuchin informed administration was close to a major tax reform.
Dow Jones Industrial Average surged more than 150 points with Goldman Sachs and American Express contributing the most gains. Meanwhile, Verizon missed the mark on both earnings and revenue. The company attributed 5.1% slip in sales to decrease overage revenue.
S&P 500 gained 0.7% with industrials, financials, and materials gaining more than 1%to lead advancers.
Nasdaq composite outperformed rising 0.9% and posted record close.
DJIA closed in a positive territory up by over 174 points or 0.85% at 20578 levels.
S&P 500 is closed up by 17 points or 0.76% at 2355 levels.
NASDAQ Composite closed up by 53 points or 0.92% at 5916 levels.
Hang Seng Index is trading up over 81 points or 0.34% at 24138 levels.
ASX 200 is trading up by 44 points or 0.76% at 5865 levels.
China’s Shanghai index is trading up by 1 points or 0.05% at 3173 levels.
Kospi is trading up by 19 points or 0.89% at 2168 levels.