US stocks close flat amidst geopolitical tensions
DSIJ Intelligence / 11 Apr 2017
Stocks s in US markets closed mildly higher on Monday amidst geopolitical tensions.On the currency front, the Indian rupee opened lower by 9 paise at 64.65 per USD on Tuesday versus previous close at 64.56.
Stocks s in US markets closed mildly higher on Monday amidst geopolitical tensions.
The Dow Jones Industrial Average gained nearly 10 points, even as Caterpillar contributed the most to the index gains. The S&P 500 closed higher by 0.1 per cent even as energy stocks rose more than 0.75 per cent, taking the lead on a flattish day. The Nasdaq composite gained nearly 0.1 per cent.
Crude oil rose 1.61 per cent and settled at USD 53.08 per barrel, after commodity markets discounted the shutdown of Libya’s largest oilfield. The rise in crude oil prices lifted the sentiment for energy stocks. In one month, the oil prices rose nearly 9 per cent.
The markets traded in red in the first half, and recovered in the second half of the session.
On the currency front, the Indian rupee opened lower by 9 paise at 64.65 per USD on Tuesday versus previous close at 64.56.
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