Wall Street opens last week on record highs supported by financial and technology gains

in #wallstreet7 years ago

US stocks opened last week on green as record highs for the Dow Jones Industrial Average and the S & P 500 as well as the Nasdaq composite on Wall Street amid investors' optimism about growing opportunities for US tax reforms Donald Trump and his Republican Party.

That came hours after the US Senate approved the fiscal year 2018 budget plan, boosting the chances for the Republican Party to pass the tax reform bill without support from the Democratic Party in the United States.

On the other hand, we followed the US economy on Friday, revealing housing data, which showed a rise in the existing home sales index rose by 0.7% to about 5.39 million in September last year, contrary to expectations that indicated a decline in decline, coincided with the events of the disclosure season The results of the bank and US companies on Wall Street, the third quarter, which is the nerve of the largest economy in the world.

At 3:51 pm GMT, the broader S & P 500 index was up 0.27% to add 6.88 points to 2,568.98 points. The Dow Jones industrial average <.DJI> rose 0.28% from 64.22 points 23,227.26 points.

On the other hand, the Nasdaq Composite Index gained 0.30% after rising 19.72 points to 6,624.91 points.

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