US sharemarkets rose for an eighth consecutive day to fresh record highs on US budget and tax reform optimism. Technology stocks were strong performers. Shares of Netflix rose by 4% after the company increased its monthly subscription fees for the first time since 2015. The Dow Jones rose by 114 points or 0.5%, the S&P 500 was up by 0.6% and the Nasdaq was up by 0.8%.
In US economic data, the trade deficit declined by 2.7% to US$42.4 billion in August, the lowe...
US sharemarkets rose for an eighth consecutive day to fresh record highs on US budget and tax reform optimism. Technology stocks were strong performers. Shares of Netflix rose by 4% after the company increased its monthly subscription fees for the first time since 2015. The Dow Jones rose by 114 points or 0.5%, the S&P 500 was up by 0.6% and the Nasdaq was up by 0.8%.
In US economic data, the trade deficit declined by 2.7% to US$42.4 billion in August, the lowest level since September 2016, on rising exports of goods and services. Claims for unemployment insurance fell by 12,000 to 260,000 (forecast 265,000) last week. Factory orders rose by 1.2% in August (forecast 1.0%) having declined by 3.3% in July.
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