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29 Oct 2014
US equities post modest gains
FXStreet (Mumbai) - The US Equity markets have inched modestly higher after a flat opening as the investors expect the Federal Reserve (Fed) to maintain its dovish stance on the interest rates in the US.
The DJIA is trading 0.30% higher at 17056.60 with an advance decline ratio of 24:6. Chevron, ExonnMobil, American Express, United Technologies are the top gainers for the day. Meanwhile, the top losers bracket is filled by DuPont, Nike and General Electric.
Meanwhile, Facebook is trading lower by 5%, after predicting the slowest revenue growth since the first quarter of 2013. Gilead share price is down 1.88% after the third-quarter profits missed the estimates. Elsewhere, the US Steel Corp share price has rallied more than 8% after posting a better-than-expected quarterly earnings report.
DJIA Technical levels
The index has an immediate resistance at 17,015 (Oct. 6 high), above which it can rise to 17,060 levels. On the flip side, the index may fall to 16853, if the immediate support of 16,913 is breached.
The DJIA is trading 0.30% higher at 17056.60 with an advance decline ratio of 24:6. Chevron, ExonnMobil, American Express, United Technologies are the top gainers for the day. Meanwhile, the top losers bracket is filled by DuPont, Nike and General Electric.
Meanwhile, Facebook is trading lower by 5%, after predicting the slowest revenue growth since the first quarter of 2013. Gilead share price is down 1.88% after the third-quarter profits missed the estimates. Elsewhere, the US Steel Corp share price has rallied more than 8% after posting a better-than-expected quarterly earnings report.
DJIA Technical levels
The index has an immediate resistance at 17,015 (Oct. 6 high), above which it can rise to 17,060 levels. On the flip side, the index may fall to 16853, if the immediate support of 16,913 is breached.