Wall Street trades in tight band pending employment data Friday
(MENAFN- ProactiveInvestors - Australia) By the close the Dow Jones had eased 0.2% to 17685
It was a relatively quiet night on Wall Street with equities trading in a very narrow band and ending little changed.
By the close the Dow Jones had eased 0.2% to 17685. The S&P was a few points lower to 2060 while the NASDAQ ticked one point higher to 4870.
For the March quarter the Dow added 1.5% and the S&P 500 0.8%. This is the second quarter of gains in a row for the key indexes.
Many investors are waiting for the monthly employment data due Friday U.S. time as this will be a key economic indicator and therefore have a potential impact on timing of the hotly debated U.S. interest rate rises.
Moving to commodities West Texas Intermediate futures for April delivery tacked on a couple of cents overnight to settle at US$38.34 a barrel.
The commodity though has been very volatile during 2016.
For the month of March U.S. crude is up 13% yet for the quarter is only up 3%.
Gold was higher overnight with June futures traded out of New York up 0.6% to US$1231.30 an ounce. <
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.