SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets closed higher on Tuesday

05 Apr 2017 Evaluate

The US markets closed higher on Tuesday, as energy shares rebounded in concert with oil prices. But market sentiment remained cautious ahead of a meeting later this week between President Donald Trump and his Chinese counterpart Xi Jinping. Looking ahead, investors are eagerly awaiting coming quarterly results and a report on employment due Friday for confirmation that the markets months long rally is supported by earnings and economic improvement. According to FedWatch tool, the market is pricing in a more than 60% chance of a rate increase at the Federal Reserve’s June meeting, compared with a 6% chance of a rate increase at its policy gathering in May.

On the economy front, the US trade deficit sank almost 10% in February, aided by an increase in exports to a 26-month high and a plunge in imports of autos, cell phones and other consumer goods. The deficit fell to $43.6 billion in February, more than canceling out a big increase in January that raised the nation’s trade gap to a five-year high of $48.2 billion. The ups and downs in the deficit in the first two months of the year largely stem from the timing of the Chinese lunar New Year. Imports from China tend to surge before the prolonged holiday period and subside afterward. US exports rose 0.2% to $192.9 billion - the most since December 2014. Imports, meanwhile, declined 1.8% in February to $236.4 billion.

Meanwhile, factory orders rose in February for the seventh time in eight months, a sign of the rebounding fortunes of the manufacturing industry. Factory orders rose 1%, matching the consensus forecast. January’s gain was upwardly revised to 1.5%. Excluding transportation - nondefense aircraft and parts orders shot up 47.5% - factory orders rose 0.4%. Shipments have now climbed for eleven of the last twelve months.

The Dow Jones Industrial Average added 39.03 points or 0.19 percent to 20,689.24, the Nasdaq was up 3.93 points or 0.07 percent to 5,898.61, while S&P 500 gained 1.32 points or 0.06 percent to 2,360.16.

The Indian ADRs closed mixed; Dr. Reddy’s Lab was up 1.05%, HDFC Bank was up 0.60% and ICICI Bank was up 0.13%. On the other hand, Infosys was down 0.33% and Tata Motors was down 0.24%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×