The markets were closed on Monday due to the Presidents Day holiday. All thanks to the lesser mortgage rates, the stock market index for the month of February rose by 4 points and jumped to 62 on Tuesday. President Donald Trump claimed that trade possibilities with China were being discussed and positive results are to be expected in the long run. This led to the rise in the expectations of the investors due to their optimism towards the statement by Trump. Minutes were reported by the Federal Reserve from their most recent meeting, which indicated that the economy of the United States was running smoothly, Europe, Brazil, Mexico, and China’s economic progress is slowing down, which is a major concern. The Fed also thought it was likely that they would later this year. Markets rose slightly on the news. The rumor of the seizure of undulating securities from the balance sheet any time soon let to a slight rise in the market. The order for durable goods rose by around 1.2% more than the previous year leading to an 8% As of February 16th, the jobless claims fell from 230’000 to 216’000. The sale of the existing houses fell by 1.2% while the petroleum position report by indicated that the crude oil inventory rose by almost 3.7 mil barrels. The markets closed yet with somewhat disappointing results But as the markets opened again, the results were completely different. Following are some of the leading firms’ results: CVS Health finished the 70 billion US Dollars acquisition of the Aetna. This led to a 12.5 percent increases their revenue. The revenue climbed to around 54.4 billion USD. The share price fell to $64 after the announcement. Domino’s Pizza’s sales retention increased by around 6.5 percent, and 560 stores were added in this year, 125 of which were in the U.S alone. The share price fell to as low as $250 Roku Incorporation’s total revenue grew by around 45 percent to as much as 742 million US Dollars. While their share price clambered to 54 USD.
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