Arab Today, arab today dow sp 500 refresh records at feds easing signal
Last Updated : GMT 20:32:15
Arab Today, arab today
Arab Today, arab today

Dow, S&P 500 refresh records at Fed's easing signal

Arab Today, arab today

Arab Today, arab today Dow, S&P 500 refresh records at Fed's easing signal

Federal Reserve Bank
New York - XINHUA

U.S. stocks continued to rise Thursday, with the Dow Jones Industrial Average and the S&P 500 hitting fresh highs, boosted by the Federal Reserve's commitment to keeping interest rates low for a considerable time.
The two indices hit all-time highs of 17,275.37 points and 2012.34 points respectively in intraday trading.
By the end of the day, the Dow rose 109.14 points, or 0.64 percent, to 17,265.99. The S&P 500 added 9.79 points, or 0.49 percent, to 2,011.36. The Nasdaq Composite Index jumped 31.24 points, or 0.68 percent, to 4,593.42.
"It likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends," the Fed said in a statement released after a two-day meeting Wednesday.
The stock market had moved back and forth in the past couple of weeks amid worries about an earlier-than-expected rate hike.
On the economic front, the number of Americans who initially applied for jobless benefits last week declined by 36,000 to a seasonally adjusted 280,000 people, said the Labor Department Thursday.
U.S. privately owned housing starts in August fell 14.4 percent, while housing permits dropped 5.6 percent, reported the Commerce Department.
The Manufacturing sector index in the U.S. mid-Atlantic region fell as expected to 22.5 in September, the Federal Reserve Bank of Philadelphia reported Thursday. Any reading above zero suggests an expansion in the sector.
On corporate news, Alibaba announced Thursday that it had priced its initial public offering (IPO) of 320 million shares at 68 U.S. dollars per share, for a total offering size of approximately 21.8 billion dollars, making it the largest U.S. IPO ever. The Chinese e-commerce giant will begin trading on the New York Stock Exchange on Friday under the ticker symbol "BABA."
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, slumped 4.90 percent to end at 12.03 on Thursday.
In other markets, crude price lost Thursday as dollar appreciated. A stronger greenback made the dollar-priced crude less attractive for buyers holding other currencies.
Light, sweet crude for October delivery moved down 1.35 dollars to settle at 93.07 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery lost 1.27 dollars to close at 97.70 dollars a barrel.
Gold futures on the COMEX division of the New York Mercantile Exchange went down Thursday, with the most active gold contract for December delivery down 9 dollars, or 0.73 percent, to settle at 1,226.9 dollars per ounce.
The U.S. dollar traded mixed against major currencies Thursday and hit a more-than-six-year peak against the yen. In late New York trading, the euro declined to 1.2917 dollars from 1.2919 dollars of the previous session, and the dollar bought 108.77 Japanese yen, higher than 108.00 yen of the previous session.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dow sp 500 refresh records at feds easing signal Arab Today, arab today dow sp 500 refresh records at feds easing signal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dow sp 500 refresh records at feds easing signal Arab Today, arab today dow sp 500 refresh records at feds easing signal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday