Stock Markets: Arm's surge lends helping hand to banks
Arm's more-than-successful IPO radiated through markets’ entire body, giving them their best day in weeks.
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Arm's more-than-successful IPO radiated through markets’ entire body, giving them their best day in weeks.
U.S. retail sales in August rose 0.6 percent month-on-month, well above the 0.1 percent economists had predicted. New jobless claims rose only slightly last week, to 220,000, against 225,000 expected. The Dow Jones gained 0.96%, the Nasdaq index rose. 0.81%, and the broader S&P 500 index gained.0.84%. Apple attempted a rebound and took 0.88%, after a denial by the Chinese authorities concerning the ban, reported by several media, of iPhones in several government agencies.
Arm’s more-than-successful IPO radiated through markets’ entire body, giving them their best day in weeks.
Wall Street will be looking for policy clues in the post-meeting statement beyond the decision.
Dow, S&P, Nasdaq all close higher Retail sales tops forecasts, jobless claims rise less than forecast Producer prices inflation figures strong, but core...