(menafn – ecpulse)
The worlds leading economy saw its shares climbing to the upside all day to close accordingly in red after that a report showed that the nations housing starts rose in June by 6.9 percent; its highest level witnessed since 2008, while further optimism was added by the Honeywell International Inc. as it reported profit that exceeded analysts’ estimates.
As a result the Dow Jones Industrial Average index gained 103.16 points or 0.81% to close at 12908.70 levels, the index reached the highest point at 12921.94 and the lowest point at 12754.61, By closing 7 shares declined while 22 shares inclined.
The Standard & Poor’s 500 Index added 9.11 points or 0.64% to close at 1372.78 levels, the index reached the highest point at 1375.26 and the lowest point at 1358.96, By closing 137 shares declined while 352 shares inclined and 11 shares remained unchanged.
The NASDAQ Composite Index inclined 32.56 points or 1.12% to close at 2942.60 levels, the index reached the highest point at 2951.30 and the lowest point at 2902.95, By closing 1355 shares inclined while 897 shares declined and 250 shares remained unchanged.
In fact Intel jumped 3.3 percent after posting profit that topped projections while scaling back its annual sales forecast and Honeywell surged 6.7 percent, pacing gains in industrial companies.
Plus EMC Corp. rallied 9.4 percent after announcing a new chief executive officer at VMWare Inc., the software maker in which it owns a majority stake.
Now turning to the dollar index, which measures the strength of the green Benjamin in front a basket of major currencies, it consolidated on a daily scale around 83.04 recording a high of 83 .34 and a low of 82.94 while gold fell to trade at 1574.85 an ounce and oil rose to trade around 90.00 a barrel.