Morning all
Another Friday rolls around so quickly
Thanks AM crew
SPI + 20
XAO
Can't complain when markets are pumping the green
Equities traded higher on Thursday, notching fresh record highs, as a post-election rally continued following a key monetary policy announcement from the European Central Bank.
The Dow Jones industrial average rose about rose about 100 points, with Goldman Sachs contributing the most gains. The S&P 500 traded 0.35 percent higher, with financials rising more than 1 percent to lead advancers.
The Nasdaq composite advanced 0.4 percent. The three major indexes, along with the small-caps Russell 2000, all hit record highs.
U.S. stocks traded in a narrow range for most of the morning, as investors digested the ECB's decision to hold rates steady.
The central bank also extended its quantitative easing program until December 2017, but will reduce purchases to 60 billion euros per month from 80 billion euros.
"The biggest thing here is he's cutting down the pace of QE," said Peter Cardillo, chief market economist at First Standard Financial. "He's keeping his options open in case something goes wrong, a similar route taken by the United States." 1
Oil rebounded from the week's lows to close above $50 a barrel on Thursday as market watchers focused on an upcoming weekend meeting between OPEC and non-OPEC producers that may result in an agreement to cut crude output further.
Brent and U.S. oil prices gained support early from a slightly weaker dollar, but the U.S. currency turned positive as the euro fell on the European Central Bank's decision to extend but reduce its bond-buying program.
North Sea Brent crude was up 94 cents, or 1.8 percent, at $53.94 a barrel by 2:35 p.m. ET (1935 GMT). U.S. light crude was up $1.07, or 2.2 percent, at $50.84 a barrel. 2
(***** News) - Gold prices ended the U.S. day session moderately lower Thursday. A strong U.S. dollar against the world currencies continues to be a significantly bearish weight on the precious metals markets. The technical chart posture for gold also remains firmly negative. February Comex gold was last down $4.10 an ounce at $1,173.40. March Comex silver was last down $0.135 at $17.14 an ounce.
AUD .7460
Have a good day
1 & 2 CNBC
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