MUMBAI: Stocks are expected to extend gains on Wednesday following encouraging cues from Wall Street.
US stocks managed to end with decent gains on Tuesday as better-than-expected corporate profits offset concerns about weak consumer demand. Goldman Sachs Group's surge in quarterly profit handily beat expectations while anticipation that chipmaker Intel will follow suit drove the market momentum.
The Dow Jones Industrial Average rose 27.81 points, or 0.33 per cent, to 8,359.49. The Standard & Poor's 500 Index gained 4.79 points, or 0.53 per cent, to 905.84 and the Nasdaq Composite Index advanced 6.52 points, or 0.36 per cent, to 1,799.73.
Market Snapshot
DJIA 8,359.49 27.81 0.33%
Nasdaq 1,799.73 6.52 0.36%
S&P 500 905.84 4.79 0.53%
S&P/TSX 9,986.15 94.22 0.95%
Bovespa 48,872.58 -314.35 -0.64%
U.S. Fed Funds Rate .12 0.00
U.S. Fed Target Rate .25 0.00
Canadian 10-Year Bond 3.43 0.11
U.S. 10-Year Treasury 3.46 0.11
U.S. GDP* 03/31 -5.5%
U.S. Unemployment 07/02 9.5%
Canadian Unemployment 07/10 8.6%
Brazilian Unemployment 06/25 8.8%
US stocks managed to end with decent gains on Tuesday as better-than-expected corporate profits offset concerns about weak consumer demand. Goldman Sachs Group's surge in quarterly profit handily beat expectations while anticipation that chipmaker Intel will follow suit drove the market momentum.
The Dow Jones Industrial Average rose 27.81 points, or 0.33 per cent, to 8,359.49. The Standard & Poor's 500 Index gained 4.79 points, or 0.53 per cent, to 905.84 and the Nasdaq Composite Index advanced 6.52 points, or 0.36 per cent, to 1,799.73.
Market Snapshot
DJIA 8,359.49 27.81 0.33%
Nasdaq 1,799.73 6.52 0.36%
S&P 500 905.84 4.79 0.53%
S&P/TSX 9,986.15 94.22 0.95%
Bovespa 48,872.58 -314.35 -0.64%
U.S. Fed Funds Rate .12 0.00
U.S. Fed Target Rate .25 0.00
Canadian 10-Year Bond 3.43 0.11
U.S. 10-Year Treasury 3.46 0.11
U.S. GDP* 03/31 -5.5%
U.S. Unemployment 07/02 9.5%
Canadian Unemployment 07/10 8.6%
Brazilian Unemployment 06/25 8.8%
