US Close 28 Sep 18: US stocks recover from steep declines a day earlier

US sharemarkets rose on Thursday, driven higher by gains in the newly-constituted communication services sector. Shares in Apple rose by 2.1%, Alphabet rose 1.2% and Facebook rose 1.1%. Investors were also encouraged by latest economic data. Banks were flat despite expectations that the Federal Reserve will lift rates again in December. The Dow Jones index finished higher by almost 55 points or 0.2%. The S&P 500 index rose by 0.3% and the Nasdaq gained 52 points or 0.7%.

 

 

Feel free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information