U.S. Shares Inch Higher Ahead of Health-care Bill Vote, Boosted by Upbeat Durable Goods Orders

U.S. shares rose on Friday with all three stock benchmarks advancing as investors were awaiting a vote on a closely watched health-care bill while new orders for durable goods climbed faster than expected.

The S&P 500 index added 0.36% with seven out of 11 sectors making up the benchmark trading higher. While information technology stocks were leading the gains, up 0.6%, shares of companies in materials and consumer Staples lost 0.13% each.

Commerce Department reported orders for U.S. durable goods increased 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated. While durable goods jumped for the second straight month, the so-called core durable goods orders which strip out transportation equipment increased 0.4 percent.

Voting on amended Trump’s health-care legislation that would replace the Affordable Care Act, widely known as Obamacare, is scheduled for late-afternoon Friday.

Trade suggestion

Buy Stop at 2350.00, Take profit 2360.00, Stop loss at 2345.00


Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

Leave a Reply

Your email address will not be published. Required fields are marked *