Arab Today, arab today dow sp 500 refresh records at feds easing signal
Last Updated : GMT 15:48:02
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.

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 Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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