United States stock indexes end mostly higher, extending market’s gains

United States stock indexes end mostly higher, extending market’s gains

United States stock indexes end mostly higher, extending market’s gains

ASIA'S DAY: The Shanghai Composite Index rose 1.1 percent to 3,060.31 and Tokyo's Nikkei 225 gained 1.8 percent to 21,503.69. Dropping 96 points, the DOW closed at 25,555.

Apple Inc rose 2.3 percent, and was the biggest boost to the benchmark S&P 500 and Nasdaq indexes after Bank of America Merrill Lynch upgraded the iPhone maker's shares to "buy" from "neutral".

Overseas, the UK Parliament voted not to accept Prime Minister Theresa May's revised Brexit deal, which included what May called legally binding assurances with the European Union aimed at clarifying a contentious "Irish backstop" provision that would avoid a hard border between Ireland, an European Union member, and Northern Ireland, a part of the UK. Apple and Facebook both rose 2.5 percent.

Boeing Co, the world's largest planemaker and best-performing Dow component this year by a wide margin, ended down 5.3 percent at $400.01, registering its biggest one-day percentage drop since October 29, after many airlines grounded the company's new 737 MAX 8 passenger jet following the second fatal crash involving the aircraft in just five months.

This comes on the heels of data from last week that showed US employment growth nearly stalled in February, which added to global growth fears that were already fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region.

Traders appeared to mostly shrug off the developments in Britain, though USA indexes lost some of their gains toward the end of the day as the Brexit vote was being held.

Technology and bank stocks led the market gainers.

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There were no reports of damage or casualties, the Israeli army said , and no group in Gaza immediately claimed the attack. The Iran-backed Al-Sabareen terrorist group in Gaza has yet to release an official statement following the rocket attacks.

The week opens with investors still waiting for more details on any potential trade deal between the US and China.

In midday trading, France's CAC 40 shed 0.3 percent to 5,254 while Germany's DAX lost its gains to trade flat at 11,518.

Boeing shares slid 6.1 percent, the stock's second day of steep losses, as more countries grounded the aircraft manufacturer's 737 Max 8 following the crash of the Ethiopian Airlines 737 Max 8 on Sunday, which killed 157 people. A key sales figure fell 2.2 percent in the period, worse than what analysts were expecting.

The British pound saw volatile trade throughout the session, while the ICE U.S. Dollar Index, a measure of the U.S. currency against six major rivals, was down 0.3%. The euro rose to $1.1297 from $1.1240.

The Russell 2000 is up 27.95 points, or 1.8 per cent.

Bullion prices ended higher at Comex on Tuesday, 12 March 2019. This decline shaved off close to 150 points from the Dow given its nature in the price-weighted stock's elevated price compared to a range of other Dow components.

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