Evgeniy Piskachev / Профиль
- Информация
11+ лет
опыт работы
|
0
продуктов
|
0
демо-версий
|
0
работ
|
0
сигналов
|
0
подписчиков
|
На рынке Форекс уже более 5 лет. В торговле используются индикаторы технического анализа, а также экономические и политические новости. Если интересует более консервативная и прибыльная торговля, возможно доверительное управление.
Друзья
3566
Заявки
Исходящие
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Join! ! ! Stablly 15-20% a month! ! !
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. non-farm private employment rose more-than-expected in September, fuelling optimism over the strength of the U.S. labor market, industry data showed on Wednesday.
U.S. ADP non-farm payrolls rise by 213,000 in SeptemberU.S. ADP non-farm payrolls rise more than expected in September
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 213,000 last month, above expectations for an increase of 210,000. The economy created 202,000 jobs in August.
While not viewed as a reliable guide for the government jobs report due on Friday, October 3, it does give guidance on private-sector hiring.
EUR/USD was trading at 1.2596 from around 1.2603 ahead of the release of the data, while GBP/USD was at 1.6184 from 1.6191 earlier.
Meanwhile, U.S. stock index futures remained lower. The Dow 30 indicated a loss of 0.1% at the open, the S&P 500 pointed to a drop of 0.1%, while the NASDAQ 100 indicated a decline of 0.15%.
Elsewhere, in the commodities market, gold traded at $1,209.70 a troy ounce, compared to $1,209.50 ahead of the data, while crude oil traded at $91.73 a barrel from $91.76 earlier.
U.S. ADP non-farm payrolls rise by 213,000 in SeptemberU.S. ADP non-farm payrolls rise more than expected in September
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 213,000 last month, above expectations for an increase of 210,000. The economy created 202,000 jobs in August.
While not viewed as a reliable guide for the government jobs report due on Friday, October 3, it does give guidance on private-sector hiring.
EUR/USD was trading at 1.2596 from around 1.2603 ahead of the release of the data, while GBP/USD was at 1.6184 from 1.6191 earlier.
Meanwhile, U.S. stock index futures remained lower. The Dow 30 indicated a loss of 0.1% at the open, the S&P 500 pointed to a drop of 0.1%, while the NASDAQ 100 indicated a decline of 0.15%.
Elsewhere, in the commodities market, gold traded at $1,209.70 a troy ounce, compared to $1,209.50 ahead of the data, while crude oil traded at $91.73 a barrel from $91.76 earlier.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Показать все комментарии (8)
![Matthew Todorovski Matthew Todorovski](https://c.mql5.com/avatar/2014/9/5423F64B-633A.jpg)
![Stefania Conti - New Ethical Trading Ltd. Stefania Conti - New Ethical Trading Ltd.](https://c.mql5.com/avatar/2016/7/578ECB58-70B1.png)
![Imtiaz Ahmed Imtiaz Ahmed](https://c.mql5.com/avatar/2016/9/57E19E80-45F2.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Join! ! ! Stablly 15-20% a month! ! !
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
The S&P/Case-Shiller home price index rose at the slowest pace in 20 months in July, dampening optimism over the housing sector, industry data showed on Tuesday.
S&P/Case-Shiller home price index rises 6.7% in JulyS&P/Case-Shiller home price index rises less than expected in July
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 6.7% in July from a year earlier, below forecasts for a gain of 7.5% and following a rise of 8.1% in June.
Month-on-month, U.S. home prices climbed by a non-seasonally adjusted 0.6%, below forecasts for a 1.1% gain and following an increase of 1% in June.
“The pace of home price appreciation is consistent with most of the other housing data on housing starts and home sales,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.
EUR/USD was trading at 1.2598 following the release of the data, from 1.2595 ahead of the report, while GBP/USD was at 1.6213, compared to 1.6210 earlier.
Meanwhile, U.S. equity markets pointed to a higher open. The Dow 30 indicated a gain of 0.2%, the S&P 500 pointed to a rise of 0.2%, wh
S&P/Case-Shiller home price index rises 6.7% in JulyS&P/Case-Shiller home price index rises less than expected in July
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 6.7% in July from a year earlier, below forecasts for a gain of 7.5% and following a rise of 8.1% in June.
Month-on-month, U.S. home prices climbed by a non-seasonally adjusted 0.6%, below forecasts for a 1.1% gain and following an increase of 1% in June.
“The pace of home price appreciation is consistent with most of the other housing data on housing starts and home sales,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.
EUR/USD was trading at 1.2598 following the release of the data, from 1.2595 ahead of the report, while GBP/USD was at 1.6213, compared to 1.6210 earlier.
Meanwhile, U.S. equity markets pointed to a higher open. The Dow 30 indicated a gain of 0.2%, the S&P 500 pointed to a rise of 0.2%, wh
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. stocks came off earlier lows on Monday after expectations that data due for release later this week will be positive offset bearish pressures from Hong Kong unrest and a soft housing report.
U.S. stocks move off earlier lows on Hong Kong unrest; Dow falls 0.25% Hong Kong unrest pushes stock prices lower, though shares move off earlier lows
At the close of U.S. trading, the Dow 30 fell 0.25%, the S&P 500 index fell 0.25%, while the NASDAQ Composite index fell 0.14%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was up 7.61% at 15.98.
Events in Hong Kong sent stock prices falling earlier.
Pro-democracy protestors in Hong Kong are angry at China's move to vet all candidates running in the city's elections for chief executive in 2017.
Fears the protests will exacerbate existing geopolitical tensions in Ukraine and in the Middle East punished stock prices earlier, though expectations began to arise that the protests will have only short-term effects on markets, which brought share prices off earlier lows.
Elsewhere, the National Association of Realtors reported earlier that its pending home sales index fell 1.0% to 104.7 in August from 105.8 in July. Economists had expected the index to tick down 0.1% last month.
U.S. stocks move off earlier lows on Hong Kong unrest; Dow falls 0.25% Hong Kong unrest pushes stock prices lower, though shares move off earlier lows
At the close of U.S. trading, the Dow 30 fell 0.25%, the S&P 500 index fell 0.25%, while the NASDAQ Composite index fell 0.14%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was up 7.61% at 15.98.
Events in Hong Kong sent stock prices falling earlier.
Pro-democracy protestors in Hong Kong are angry at China's move to vet all candidates running in the city's elections for chief executive in 2017.
Fears the protests will exacerbate existing geopolitical tensions in Ukraine and in the Middle East punished stock prices earlier, though expectations began to arise that the protests will have only short-term effects on markets, which brought share prices off earlier lows.
Elsewhere, the National Association of Realtors reported earlier that its pending home sales index fell 1.0% to 104.7 in August from 105.8 in July. Economists had expected the index to tick down 0.1% last month.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
The dollar hit its highest in almost two years against the euro with German inflation data expected to keep pressure on the ECB to ease monetary policy further, while unrest in Hong Kong hurt Asian-exposed European shares.
Dollar broadly stronger as Hong Kong unrest caps stocksDollar broadly stronger as Hong Kong unrest caps stocks
The dollar was broadly stronger, hitting a four-year high against a basket of currencies, a six-year peak against the yen and a 13-month high against the New Zealand dollar. Reserve Bank of New Zealand data showed the central bank intervened last month to speed its currency's descent.
Data on Friday showing higher U.S. growth in the second quarter fueled speculation that a Federal Reserve interest rate hike may come sooner than expected, in striking contrast with the outlook for the European Central Bank.
"The strength of the dollar is forcing investors to move away from a lot of the stock market assets and put it into the greenback," said James Hughes, chief market analyst at Alpari.
"With a potential rate hike becoming more likely and the data showing constant improvement, it's no surprise we are seeing the positive move."
Dollar broadly stronger as Hong Kong unrest caps stocksDollar broadly stronger as Hong Kong unrest caps stocks
The dollar was broadly stronger, hitting a four-year high against a basket of currencies, a six-year peak against the yen and a 13-month high against the New Zealand dollar. Reserve Bank of New Zealand data showed the central bank intervened last month to speed its currency's descent.
Data on Friday showing higher U.S. growth in the second quarter fueled speculation that a Federal Reserve interest rate hike may come sooner than expected, in striking contrast with the outlook for the European Central Bank.
"The strength of the dollar is forcing investors to move away from a lot of the stock market assets and put it into the greenback," said James Hughes, chief market analyst at Alpari.
"With a potential rate hike becoming more likely and the data showing constant improvement, it's no surprise we are seeing the positive move."
![MMMMMMM MMMMMMM](https://c.mql5.com/avatar/avatar_na2_micro.png)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Join! ! ! Stablly 15-20% a month! ! !
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. cleaning products maker Clorox Co (N:CLX) said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.
Clorox warns of safety concerns after Venezuelan takeover of plants Clorox warns of safety concerns after Venezuelan takeover of plants
Venezuela announced on Friday the "temporary" takeover of the two plants owned by Clorox, which said it left the country because of difficult economic conditions.
After Clorox management's departure, many of the firm's 400 workers occupied two plants in the Valles del Tuy district south of Caracas and in central Carabobo district.
Clorox said the production of cleaning products, in particular bleach, was "a highly specialized and technical process." The company said it had safely secured the plants before its exit, including removing all the chlorine.
"The Venezuelan government's actions raise grave concerns, and Clorox and its affiliates cannot be responsible for the safety of workers and the surrounding communities or any liability or damages resulting from this occupation," Clorox said in a statement on Friday.
Clorox warns of safety concerns after Venezuelan takeover of plants Clorox warns of safety concerns after Venezuelan takeover of plants
Venezuela announced on Friday the "temporary" takeover of the two plants owned by Clorox, which said it left the country because of difficult economic conditions.
After Clorox management's departure, many of the firm's 400 workers occupied two plants in the Valles del Tuy district south of Caracas and in central Carabobo district.
Clorox said the production of cleaning products, in particular bleach, was "a highly specialized and technical process." The company said it had safely secured the plants before its exit, including removing all the chlorine.
"The Venezuelan government's actions raise grave concerns, and Clorox and its affiliates cannot be responsible for the safety of workers and the surrounding communities or any liability or damages resulting from this occupation," Clorox said in a statement on Friday.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Перспектива отчуждения дочерней Башнефти обрушила в пятницу котировки АФК Система еще боле чем на 20 процентов, но рублевые цены российских акций в целом демонстрируют устойчивость к неблагоприятной для инвестиционного климата РФ информации.
Перспектива отчуждения Башнефти обрушила акции Системы, индексы снизилисьПерспектива отчуждения Башнефти обрушила акции Системы, индексы снизились
Индекс ММВБ опустился на 0,13 процента от закрытия четверга до 1.434 пунктов. Индекс РТС на фоне роста доллара до 39 рублей потерял 1,65 процента, откатившись до 1.156 пунктов.
"Активность торгов сегодня крайне низкая, практически никто из клиентов не торгует, многие с грустью смотрят на пару рубль/доллар. Людям сложно понять, на что сейчас ориентироваться в торговле", - сказал трейдер Универ Капитала Павел Корышев.
"Удивительно, что рынок неплохо держится на фоне таких плачевных новостей, которые откровенно свидетельствуют о перспективе национализации активов Системы. Конечно, сегодняшнее решение перечеркивает всю инвестиционную идею в Башнефти, да и в Системе", - сказала управляющая активами одной из российских УК.
Перспектива отчуждения Башнефти обрушила акции Системы, индексы снизилисьПерспектива отчуждения Башнефти обрушила акции Системы, индексы снизились
Индекс ММВБ опустился на 0,13 процента от закрытия четверга до 1.434 пунктов. Индекс РТС на фоне роста доллара до 39 рублей потерял 1,65 процента, откатившись до 1.156 пунктов.
"Активность торгов сегодня крайне низкая, практически никто из клиентов не торгует, многие с грустью смотрят на пару рубль/доллар. Людям сложно понять, на что сейчас ориентироваться в торговле", - сказал трейдер Универ Капитала Павел Корышев.
"Удивительно, что рынок неплохо держится на фоне таких плачевных новостей, которые откровенно свидетельствуют о перспективе национализации активов Системы. Конечно, сегодняшнее решение перечеркивает всю инвестиционную идею в Башнефти, да и в Системе", - сказала управляющая активами одной из российских УК.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
China's industrial profits fell 0.6 percent in August from a year earlier, reversing from July's 13.5 percent annual rise, the government said on Saturday, the latest in a series of weak data from the world's second-largest economy.
China industrial profits fall in August in latest weak dataChina industrial profits fall in August in latest weak data
Industrial companies made profits of 3.83 trillion yuan between January and August, 10 percent higher than the same period last year. China's National Bureau of Statistics did not give a reason for the August decline.
The monthly decline adds to recent weak figures that have fueled fears that China is at risk of a sharp slowdown if it does not make fresh stimulus measures.
China's factory output grew at its weakest pace in nearly six years in August while growth in other key sectors such as retail sales and imports also cooled.
China industrial profits fall in August in latest weak dataChina industrial profits fall in August in latest weak data
Industrial companies made profits of 3.83 trillion yuan between January and August, 10 percent higher than the same period last year. China's National Bureau of Statistics did not give a reason for the August decline.
The monthly decline adds to recent weak figures that have fueled fears that China is at risk of a sharp slowdown if it does not make fresh stimulus measures.
China's factory output grew at its weakest pace in nearly six years in August while growth in other key sectors such as retail sales and imports also cooled.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.
The day's gains were broad. While all ten primary S&P 500 sectors ended higher on the day, energy was the top advancer, up 1.3 percent alongside a 1 percent rise in the price of crude oil .
Much of the advance came after a read on second-quarter GDP showed that the economy grew at its fastest pace in 2-1/2 years.
Equity markets have seen bigger moves of late, including a selloff on Thursday that was the S&P's biggest one-day decline since July. In four of the past five sessions, the S&P posted a point move that was larger than its 14.6 point average over the past 250 sessions.
"It's interesting to see this kind of rebound so quickly, but it shows you how skittish the market is, with volatility higher in both directions," said Michael Mullaney, chief investment officer at Fiduciary Trust Co in Boston.
The day's gains were broad. While all ten primary S&P 500 sectors ended higher on the day, energy was the top advancer, up 1.3 percent alongside a 1 percent rise in the price of crude oil .
Much of the advance came after a read on second-quarter GDP showed that the economy grew at its fastest pace in 2-1/2 years.
Equity markets have seen bigger moves of late, including a selloff on Thursday that was the S&P's biggest one-day decline since July. In four of the past five sessions, the S&P posted a point move that was larger than its 14.6 point average over the past 250 sessions.
"It's interesting to see this kind of rebound so quickly, but it shows you how skittish the market is, with volatility higher in both directions," said Michael Mullaney, chief investment officer at Fiduciary Trust Co in Boston.
![Amir Sadeghi Amir Sadeghi](https://c.mql5.com/avatar/2018/8/5B69CC56-EC28.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Join! ! ! Stablly 15-20% a month! ! !
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
![](https://c.mql5.com/1/8/cahbiia5_1.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. stocks rose modestly at the open on Friday after major indexes suffered their biggest drop since July, as data showed the economy grew at its fastest pace in more than two years.
Wall St. gains after selloff, helped by GDP dataWall St. gains after selloff, helped by GDP data
© Reuters. Traders work on the floor of the New York Stock Exchange© Reuters. Traders work on the floor of the New York Stock Exchange
The Dow Jones industrial average (DJI) rose 69.22 points, or 0.41 percent, to 17,015.02, the S&P 500 (SPX) gained 4.31 points, or 0.22 percent, to 1,970.3 and the Nasdaq Composite (IXIC) added 14.11 points, or 0.32 percent, to 4,480.86.
(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)
Wall St. gains after selloff, helped by GDP dataWall St. gains after selloff, helped by GDP data
© Reuters. Traders work on the floor of the New York Stock Exchange© Reuters. Traders work on the floor of the New York Stock Exchange
The Dow Jones industrial average (DJI) rose 69.22 points, or 0.41 percent, to 17,015.02, the S&P 500 (SPX) gained 4.31 points, or 0.22 percent, to 1,970.3 and the Nasdaq Composite (IXIC) added 14.11 points, or 0.32 percent, to 4,480.86.
(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
Join! ! ! Stablly 15-20% a month! ! !
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
Присоединяйтесь!!! Стабильно 15-20% в месяц!!!
https://www.mql5.com/ru/signals/6922
https://www.mql5.com/ru/signals/52212
https://www.mql5.com/ru/signals/58648
![](https://c.mql5.com/1/8/wteior4q_1.jpg)
![Amir Sadeghi Amir Sadeghi](https://c.mql5.com/avatar/2018/8/5B69CC56-EC28.jpg)
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
GBP/USD hit 1.6286 during European morning trade, the session low; the pair subsequently consolidated at 1.6315, easing 0.01%.
Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, the high of September 24.
Demand for the dollar remained supported by mounting expectations for an early U.S. rate hike.
Dallas Federal Reserve President Richard Fisher signalled on Thursday that the U.S. central bank may start raising interest rates around the spring of 2015.
The pound had strengthened earlier in the week as investor focus returned to the outlook for U.K. monetary policy in the wake of last week's Scottish independence referendum.
Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, the high of September 24.
Demand for the dollar remained supported by mounting expectations for an early U.S. rate hike.
Dallas Federal Reserve President Richard Fisher signalled on Thursday that the U.S. central bank may start raising interest rates around the spring of 2015.
The pound had strengthened earlier in the week as investor focus returned to the outlook for U.K. monetary policy in the wake of last week's Scottish independence referendum.
![Evgeniy Piskachev](https://c.mql5.com/avatar/2015/11/563CADFB-4BDC.jpg)
Evgeniy Piskachev
U.S. stocks rallied on Wednesday on news that new homes in the U.S. far surpassed expectations, giving investors hope the economy will improve and boost corporate top lines down the road.
U.S. stocks gain on surging U.S. home sales; Dow rises 0.91% Stocks rise on solidy U.S. housing data
At the close of U.S. trading, the Dow 30 rose 0.91%, the S&P 500 index rose 0.78%, while the Nasdaq Composite index rose 1.03%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was down 11.25% at 13.25.
The Census Bureau reported earlier that U.S. new home sales rose 18.0% last month to 504,000 units, far surpassing expectations for a 4.4% gain to 430,000 units. New home sales for July were revised to a 1.9% increase from a previously estimated 2.4% drop.
The numbers sent stock prices gaining by keeping sentiments strong that U.S. recovery is gaining steam despite hiccups here and there.
Separately, the Department of Energy reported earlier that crude stockpiles plunged by 4.3 million barrels last week, confounding market calls for a build of 386,000, which further stoked expectations that the U.S. economy is improving as evidenced by its demand for fuel and energy.
U.S. stocks gain on surging U.S. home sales; Dow rises 0.91% Stocks rise on solidy U.S. housing data
At the close of U.S. trading, the Dow 30 rose 0.91%, the S&P 500 index rose 0.78%, while the Nasdaq Composite index rose 1.03%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was down 11.25% at 13.25.
The Census Bureau reported earlier that U.S. new home sales rose 18.0% last month to 504,000 units, far surpassing expectations for a 4.4% gain to 430,000 units. New home sales for July were revised to a 1.9% increase from a previously estimated 2.4% drop.
The numbers sent stock prices gaining by keeping sentiments strong that U.S. recovery is gaining steam despite hiccups here and there.
Separately, the Department of Energy reported earlier that crude stockpiles plunged by 4.3 million barrels last week, confounding market calls for a build of 386,000, which further stoked expectations that the U.S. economy is improving as evidenced by its demand for fuel and energy.
: