Wall Street stocks jumped Wednesday following solid US economic data, joining European equity markets higher and ending a five-day losing streak. At the closing bell, the Dow Jones Industrial Average stood at 17,581.47, up 209.83 points (1.21 percent).

The broad-based S&P 500 gained 23.15 (1.16 percent) to 2,025.76, while the tech-rich Nasdaq Composite Index bolted 57.73 (1.26 percent) higher to 4,650.57. The US trade deficit shrank sharply to its smallest size in nearly a year, while the private sector added 241,000 jobs in December, up from 227,000 in November.

Equity markets in Britain, France and Germany all rose after weak eurozone inflation data sparked speculation the European Central Bank will enact additional stimulus measures. Heading into Wednesday, the S&P 500 had lost 4.2 percent in the prior five sessions. “We were pretty oversold,” said Michael James, managing director of equity trading at Wedbush Securities.

Source: AFP

Share this article:
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
ALSO READ  North Korea is preparing to unveil new strategic weapon: Yonhap

RELATED ARTICLESMORE FROM AUTHOR

Notice: All comments represent the view of the commenter and not necessarily the views of AMN.

All comments that are not spam or wholly inappropriate are approved, we do not sort out opinions or points of view that are different from ours.

Be Civil

This is a Civilized Place for Public Discussion

Please treat this discussion with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation.

These are not hard and fast rules, merely guidelines to aid the human judgment of our community and keep this a clean and well-lighted place for civilized public discourse.

Make it better

Improve the Discussion

Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.

The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.

Now the hard part!

Be Agreeable, Even When You Disagree

You may wish to respond to something by disagreeing with it. That’s fine. But remember to criticize ideas, not people. Please avoid:

  • Name-calling
  • Ad hominem attacks
  • Responding to a post’s tone instead of its actual content
  • Knee-jerk contradiction

Instead, provide reasoned counter-arguments that improve the conversation.