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Wednesday 15 August 2018

Growth for US indices yesterday

The slight improvement in the situation in Turkey has led to the stabilization of world stock indices. US indicators even ended slightly on positive territory.
Dow Jones added 0.5% to nearly 25,300 points, while the broad S&P 500 rose 0.6% to 2,839.96. Nasdaq added 0.65% to its value - to 7,870.89 points.
Meanwhile, the Turkish lira rose 8 percent to 6.35 pounds a dollar after the Turkish currency hit a record low of 7.24 pounds per dollar on Monday.
The Turkish lira, which for some time on Friday lost over 20% of its value, reached a new record low on Monday. It registered a record drop of more than 15% in just one day. However, there was some recovery in value after the country's central bank announced it would step in to stabilize its national currency.


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