iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Wall Street ekes out strong gains as rate hike fears wane

16 Jul 2022 , 12:13 PM

The Dow Jones Industrial Average gained 658.09 points, or 2.15%, to settle at 31,288.26. The S&P 500 jumped 1.92% to 3,863.16, and the Nasdaq Composite advanced 1.79% to 11,452.42. A positive reaction to the latest earnings news contributed to the rally on Wall Street, as some traders look to pick up stocks at relatively reduced levels. Shares of Citigroup moved sharply higher after the financial giant reported second quarter earnings that exceeded analyst estimates. Traders also reacted positively to a slew of U.S. economic data, including a report from the Commerce Department showing retail sales jumped by more than expected in the month of June. The Commerce Department said retail sales shot up by 1% in June after edging down by a revised 0.1% in May. A separate report from the University of Michigan unexpectedly showed a modest improvement in U.S. consumer sentiment in the month of July. The report showed the consumer sentiment index inched up to 51.1 in July from a record low 50.0 in June. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.