(MENAFN– ecpulse)
U.S. shares rebounded throughout the day to close the day in green territories after the release of trade data, which showed the deficit narrowed to the lowest in four years.
Today’s report signaled the trade gap narrowed to $34.3 billion in November from a revised of $39.3 billion deficit.
The most recent has suggested the economy is gathering momentum, to move in line with the latest Fed stimulus taper announcement.
Yesterday, the U.S. Senate confirmed Janet Yellen as the new Chairman of the Federal Reserve Bank after winning a majority of 56 to 26 votes.
Also, data from Germany showed that unemployed people decreased by 15,000 in December from a revised 9,000 increase in November better than forecast of 1,000 drop.
As of 16:15 EST, Dow Jones rose 0.64% to 16530.94 points, and NASDAQ gained 0.96% to 4153.18 points.
Standard and Poor’s gained by 0.61% to reach 1837.88 points, as of 16:15 EST.
The focus will be on the upcoming earnings report and the non-farm payrolls due on Friday.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.