Tencent Securities News Beijing time on the evening of July 27th news, U. S. stocks opened high, the three major stock indexes continue to hit new highs, investors are digesting a series of corporate earnings and economic data, as well as the policy statement released by the Federal Reserve in the early hours of this morning. In addition, the sharp rise in Facebook Inc's share price led the technology sector higher.
The Dow is up 0.26% at 21768.15. The S & P 500 is up 0.16% at 2481.83. The Nasdaq is up 0.52% at 6456.33 points.
The US Federal Open Market Committee (FOMC) issued a monetary policy statement at 2am Beijing time on Thursday, deciding to keep the benchmark interest rate in the target range of 1% to 1.25%, in line with widespread market expectations, but said it would start a "shrinking table" (that is, reducing the balance sheet) as soon as possible.
Craig Erlam, a senior market analyst at Oanda, a global provider of foreign exchange trading services, said in an email comment that Facebook Inc's strong earnings performance is likely to push technology stocks higher in Thursday's trading. "given the upward trend of technology stocks so far this year, especially large technology stocks, this sector has to live up to its high valuations, and the level of growth we have seen is doing that."
"the performance of this earnings season has not been disappointing, which is why the [US] stock market has not suffered the same correction as other stock markets so far this year." He said.
Sean Sean Darby, chief global equity strategist at Jefferies, the investment bank, and his team said they would raise the target for the S & P to 2500 from 2325, noting that as long as nominal GDP growth was "higher than Treasury yields, then investors should hold US stocks".
Facebook Inc's share price surged 5.1 per cent to a market capitalization of more than $500 billion as the company's quarterly profit beat expectations.
Twitter fell about 12.8 per cent as the company reported flat user growth, causing the stock to flatten its pre-earnings gains.
BABA's share price rose 2.75%, with a market capitalization of more than $400 billion.
In addition, Amazon.Com Inc, Intel Corp, Starbucks Corp and other companies will release financial reports after trading.
The number of first-time jobless claims in the United States for the week of July 22nd is 244000, which is expected to be 240000, with the previous value revised from 233000 to 234000. The number of people claiming unemployment benefits in the United States for the week of July 15th is 1.964 million, which is expected to be 1.96 million, compared with a previous value of 1.977 million.
Us durable goods orders in June compared with the initial value of 6.5%, the highest since July 2014, expected 3.7%, the previous value of-0.8% revised to-0.1%.
The U.S. merchandise trade account for June-$63.9 billion, is expected to be-$65.5 billion, with the previous value revised from-$65.9 billion to-$66.3 billion.
The Chicago Fed National activity Index for June is 0.13, expected to be 0.35, with a previous value of-0.26.
European stocks fell slightly, with the European Stoxx 600 index now down 0.16%. By the close, the Prev was up 0.06 per cent at 3249 and the Shenzhen Composite was up 0.95 per cent at 10395. The gem index rose 3.62% to 1742 points. The Nikkei 225 index closed up 0.15%.
Oil prices rose slightly. WTI9 monthly crude oil futures are up 0.37% at $48.93 a barrel. Brent October crude oil futures are up 0.53% at $51.37 a barrel.
The dollar index rose 0.59% to 94.03. The euro fell 0.73% against the dollar to 1.1659. The pound / dollar fell 0.38% to 1.3069. The dollar / yen rose 0.44% to 111.58.
The price of gold rose by nearly $10. Us Comex December gold futures are up $7.90, or 0.6 per cent, at $1263.5.