US Stocks Rise After Chinese Services Data and HK and Brexit Concerns Ease

U.S. stocks rose broadly at the open on Wednesday as encouraging data from China allayed concerns of slowing global growth, with sentiment getting a boost on signs of easing tensions in Hong Kong following the withdrawal of a controversial bill.

The Dow Jones Industrial Average .DJI rose 183.97 points, or 0.70%, at the open to 26,301.99. The S&P 500 .SPX opened higher by 18.40 points, or 0.63%, at 2,924.67. The Nasdaq Composite .IXIC gained 75.65 points, or 0.96%, to 7,949.81 at the opening bell.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza