FXStreet (Mumbai) – The stock markets in the US trade flat, but are poised for a fifth straight weekly gain and the biggest monthly rally in four years.
At the time of writing, the major indices –S&P 500, Dow Jones Industrial Average, and Nasdaq – were trading flat. The indices are swinging between minor gains and losses since the opening bell.
Market reaction to economic data was not significant. Moreover, the drop in the personal spending and income was countered by a sharp rise in the wage pay during the third quarter.
The main indices are on track to record gains between 8% and 10% over the past month, their biggest gains since October 2011.
Among the DJIA stocks, Microsoft, Boeing, and DuPont are the major gainers. Meanwhile, the minus side is filled with names like Walt Disney, JPMorgan, American Express.
(Market News Provided by FXstreet)