Wall Street Higher On Earnings Results; Euro Down After Catalonia Vote, ECB News - Dollar Advisory & Financial Services

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Saturday 28 October 2017

Wall Street Higher On Earnings Results; Euro Down After Catalonia Vote, ECB News

The Nasdaq Composite had its best day in nearly a year on Friday, boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low.

The Nasdaq Composite added 144.49 points, or 2.2 percent, to 6,701.26, the S&P 500 gained 20.67 points, or 0.81 percent, to 2,581.07, and the Dow Jones Industrial Average rose 33.33 points, or 0.14 percent, to 23,434.19.

Gains were led by robust corporate results and upbeat third-quarter U.S. GDP data. The US economy grew at a 3.0 percent annual rate from July to September, showing resilience even as recent storms hurt consumer spending.

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