The Dow jumps 200 points ahead of the Fed's announcement, Goldman up 2%.
The Dow Jones Industrial Average and S&P 500 were both higher on Wednesday as traders awaited the Federal Reserve's latest decision on monetary policy.
Republicans and Democrats have struggled to reach a deal on further stimulus, dwindling hopes of an agreement being struck before the U.S. presidential election in November. Wednesday marks the Fed's first decision since Chairman Jerome Powell unveiled a policy shift toward greater tolerance of inflation, effectively pledging to keep interest rates low for longer. Investors widely expect the central bank to maintain its downbeat stance on the economy. This will also be the last meeting before the U.S. presidential election.
Wall Street was coming off a session in which the S&P 500 and Nasdaq posted solid advances amid broad market gains. Real estate, consumer discretionary and tech all rose at least 1% on Tuesday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Over 200 retired senior military leaders endorse Donald Trump, Criticize Biden's RecordThe endorsement comes after it was reported that Trump disparaged American soldiers killed in combat as 'losers' and 'suckers.'
Weiterlesen »
U.S. nears 200,000th Covid-19 death milestoneThe rate at which people are dying of Covid-19 has slowed in the last 2 weeks as the US nears a record 200,000 coronavirus deaths, new NBCNews figures reveal.
Weiterlesen »
Dow jumps more than 300 points, Nasdaq rebounds nearly 2% from worst week since MarchStocks rose Monday as a slew of corporate dealmaking activity and optimism toward a coronavirus vaccine sparked a market rally. Here's how the major averages performed: - The Dow rose 326 points. - The S&P 500 gained 1.27%. - The Nasdaq advanced 1.87%.
Weiterlesen »
Dow Rises Over 300 Points As Tech Stocks Continue To ReboundThe Dow increased over 300 points today as tech stocks continue to rebound by skleb1234
Weiterlesen »
Dow climbs 225 points amid encouraging economic data from China and Germany | Markets InsiderXinhua/Wang Ying/ Getty Images US stocks move higher on Tuesday after investors sized up encouraging global economic data. China's recovery fr...
Weiterlesen »
Nasdaq Composite closes up 1.2% but Dow ends Tuesday flat as banks and industrials slumpTechnology stocks finished sharply higher Tuesday, helping the Nasdaq Composite rise, but financials and consumer staples weighed on the blue-chip Dow...
Weiterlesen »