7/12/2018, 10:06 PM (Source: TeleTrader)
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US equities end sharply in green on sentiment boost

Stock markets in the United States closed with substantial gains, where the technology-heavy Nasdaq 100 index reached an all-time high together with peaks in several of its major components. Investors were upbeat as consumer price inflation strengthened moderately last month and Federal Reserve officials expressed confidence in the strength of the economy. President Donald Trump struck a conciliatory tone regarding relations with partners from the North Atlantic Treaty Organization, but also North Korea.

The Dow Jones Industrial Average finished 0.91% higher, led by Cisco's 2.37% rally. The Nasdaq 100 rallied 1.69% to 7,366.25 points, after touching 7,368.715. with CA Technologies as the best component. The software maker rose 18.65% after agreeing to be acquired by Broadcom for $18.9 billion in cash. The buyer slumped 13.76%, however, to the bottom of the board. The S&P 500 gained 0.88%.

The euro was flat, buying $1.16716 and £0.8837 at 10:04 pm CET. The pound was virtually unchanged at $1.3209. The dollar jumped 0.42% to ¥112.486. Gold added 0.38% to change hands for $1,247 per ounce, compared to the rise in spot silver of 0.93% to $15.95 for one troy ounce.

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