Tuesday, 14 August 2012
FKLI Related News
Wall Street stocks ended little changed on Tuesday after early gains supported by stronger-than-expected U.S. retail sales numbers faded, while oil prices rose on tepid growth data in Europe that underpinned hopes for fresh monetary stimulus.
Both Home Depot's earnings and the retail data, which showed retail sales rose for the first time in four months, come after recent housing and jobs numbers lifted hopes that a slowdown in the economy may only be temporary.
Asian markets rose Tuesday as investors continued to hope global central banks will provide stimulus to support growth, with Hong Kong stocks extending gains in afternoon trading in response to better-than-expected economic data from Europe.
The Dow Jones industrial average gained 37.28 points, or 0.28 percent, to 13,206.71. The Standard & Poor's 500 Index rose 4.40 points, or 0.31 percent, to 1,408.51. The Nasdaq Composite Index added 10.27 points, or 0.34 percent, to 3,032.79.
The KLCI ended Tuesday up 0.4% at a record high of 1652.90. Today’s Support is around 1647 and Resistance is around 1655.