U.S. stock markets close slightly higher, dollar drops sharply

Fri, 07 Aug 2020

U.S. stock markets close slightly higher, dollar drops sharply

Lola Evans
19 Jul 2019, 06:12 GMT+10

The euro zoomed up to 1.1275 in late trade in New York Thursday, while the yen was sharply higher at 107.27
The Dow Jones industrials inched up 3.12 points or 0.01% to 27,222.97
In overseas markets, in London the FTSE 100 declined 0.56%

NEW YORK, New York - U.S. stocks were slightly higher on Thursday with the main action on foreign exchange markets where the U.S. dollar was sold off.

The euro zoomed up to 1.1275 in late trade in New York Thursday.

The British pound firmed to 1.2553.

The Japanese yen was sharply higher at 107.27. The Swiss franc advanced to 0.9813.

The Canadian dollar rose to 1.3032. The Australian dollar jumped to 0.7071. The New Zealand dollar climbed to 0.6801.

The Dow Jones industrials inched up 3.12 points or 0.01% to 27,222.97.

The Standard and Poor's 500 appreciated by 10.69 points or 0.36% to 2,995.11.

The Nasdaq Composite rose 22.04 points or 0.27% to 8,207.24.

In overseas markets, in London the FTSE 100 declined 0.56%. The German Dax fell 0.92%, while the Paris-based CAC 40 was off 0.38%.

In Asian markets, in Tokyo, stocks shattered with the key Nikkei 225 index tumbling 422.94 points or 1.97% to 21,046.24.

In China, the Shanghai Composite lost 30.52 points or 1.04% to 2,901.18.

The Australian All Ordinaries weakened by 28.60 points or 0.42% to 6,735.40.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to California Telegraph.

More Information

86 ℉

Fair in Sacramento/Executive

International

Section

U.S. Senate moves to restrict TikTok downloads by federal employees

WASHINGTON, DC - The United States Senate on Thursday unanimously passed a bill banning the Chinese-owned video-sharing app TikTok on ...

Isreeli empathy for Lebanon draws fire from within

BEIRUT, Lebanon - The Lebanese cabinet has ordered port officials who had roles in storing or guarding highly explosive materials ...

Pompeo calls TikiTok, WeChat, and other apps, 'significant threats'

WASHINGTON, DC - The Trump administration said on Wednesday it was stepping up efforts to purge "untrusted" Chinese apps from ...

Rebels and government forces clash in Myamar sending locals fleeing

More than 100 villagers fled their homes in Myanmar's northern Shan state into China as fighting broke out between ethnic ...

Flashpoint Beirut: Blast comes on eve of Hariri assassination verdict

BEIRUT, Lebanon - The world has been shocked by the severity of a huge blast which has rocked Beirut, killing ...

No precedent for Trump to take cut of TikTok deal

NEW YORK, New York - President Donald Trump's demand that the U.S. government get a cut from a potential Microsoft ...

Business

Section

Nasdaq leads markets higher, notches up another record high

NEW YORK, New York - U.S. stocks marched higher on Thursday with the Nasdaq Composite leading the way.The key tech ...

Chinese app plans half billion-dollar investment in Ireland

DUBLIN, Ireland - While its future on the other side of the Atlantic, and in the Pacific, is up in ...

China's Shanghai Composite completes 4th day of gains

SYDNEY, Australia - Chinese mainland shares rose for the fifth day in a row on Thursday.The Australian market also advanced. ...

SEARCA to get behind regional coconut industry

LOS BANOS, Laguna, Aug 6 (PIA) --The Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) is ...

Trump hails rising manufacturing and auto sales

WASHINGTON, DC - President Donald Trump interrupted his press briefing on the coronavirus on Tuesday night to enthuse over the ...

187 countries ratify convention protecting victims of child labor

GENEVA, Switzerland - The International Convention on the Worst Forms of Child Labor has been universally ratified. The International Labor ...

Movie Review

Mudbound