US stocks close higher on tech gains

2020-07-27 23:52:34 GMT (

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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