Markets

US stocks close higher on tech gains

2020-07-27 23:52:34 GMT (Economies.com)

US stocks rose on Monday, lifted by the tech and energy sectors, amid anticipation for upcoming news about coronavirus vaccines.

 

Data showed that Japan's industrial activity index fell 3.5% in June, on par with market's forecasts.

 

The Federal Reserve will launch its regular meeting on Tuesday, to discuss monetary policy and will reveal its interest rate decision on Wednesday, in addition to a press conference by Chairman Jerome Powell.

 

The US government has announced funding $472 million into Moderna, as the third and final phase of the human trials for its coronavirus vaccine started.

 

To the oil market, West Texas Intermediate rose 0.8% to close at $41.60 a barrel, after it hit an day high of $41.7 and a low of $40.4.

 

Brent rose 0.2% to $43.41 a barrel, with a high of $43.7 and a low of $42.3.

 

As for stocks, Dow Jones rose 0.4% or 115 points to close at 26,584, after it hit a day high of 26,625 and a low of 26,426.

 

Nasdaq rose 1.7% or 173 points to 10,536 points, with a high of 10,546 and a low of 10,399.

 

S&P 500 rose 0.7% or 23 points to 3,239, after it hit a day high of 3,241 and a low of 3,214 points.

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