U.S.
stocks rose, ending their longest losing streak since January, amid
better-than-forecast earnings and as Chinese equities pulled back from a
selloff.
The
Standard & Poor’s 500 Index increased 1.2 percent to 2,093.26 at 4
p.m. in New York, as the gauge climbed to its average price during the
past 100 days.
Chinese
equities lost 1.7 percent today, after sinking as much as 5.1 percent.
Shares tumbled 8.5 percent Monday amid weaker-than-expected economic
data and concern that a three-week rally sparked by unprecedented
government intervention is unsustainable.
The
S&P 500 fell 2.9 percent in the previous five sessions as a Chinese
stock rout spurred concern about the nation’s economic growth and some
corporate earnings disappointed. The index has declined for four of the
last five weeks and is up 1.5 percent this month, after nearly erasing
its July gain yesterday.
Source: Bloomberg
0 komentar :
Post a Comment