Arab Today, arab today us stocks jump as market sees fed support staying
Last Updated : GMT 09:22:51
Arab Today, arab today
Arab Today, arab today

US stocks jump as market sees Fed support staying

Arab Today, arab today

Arab Today, arab today US stocks jump as market sees Fed support staying

New York - AFP

US stocks Wednesday surged after investors took a reduced estimate of US first-quarter economic growth as a sign the Federal Reserve would maintain its aggressive bond-buying program. The Dow Jones Industrial Average jumped 149.83 (1.02 percent) to 14,910.14. The broad-based S&P 500 rose 15.23 (0.96 percent) to 1,603.26, while the tech-rich Nasdaq Composite Index added 28.34 (0.85 percent) to 3,376.22. The gains came after the Commerce Department slashed its estimate for first-quarter growth from 2.4 percent to 1.8 percent. Investors \"now understand that the Fed is only going to pull back on its QE if the economy is continuing to improve,\" said Michael James, managing director of trading at Wedbush Morgan Securities. \"If we are not seeing economic improvement, the Fed is not going to remove their QE.\" Analysts said the market was also primed to rally after a steep sell-off last week, brought on by worries then of a pullback in Fed stimulus. Big companies posting large gains included Microsoft (up 2.1 percent), Boeing (up 2.1 percent) and Johnson & Johnson (up 1.9 percent). General Mills fell 0.5 percent after forecasting that 2014 earnings would come in at $2.87-$2.90 per share, below the $2.93 seen by analysts. Agrotech giant Monsanto dropped 0.6 percent after revenues came in at $4.2 billion, below the $4.4 billion forecast by analysts. Profits were six cents per share above the $1.60 expected. Coal producers Arch Coal (-5.0 percent), Consol Energy (-3.0 percent) and Peabody Energy (-3.3 percent) continued to sink in the wake of the Obama administration\'s climate policy announced Tuesday, which could force costly investments in clean technologies and promotes rival energy sources. Generic pharmaceutical manufacturer Mylan edged 0.3 percent higher after announcing it would launch a generic version of sexual dysfunction drug Viagra in 11 European countries. Bond prices jumped. The yield on the 10-year US Treasury fell to 2.54 percent from 2.59 percent Tuesday, while the 30-year fell to 3.57 percent from 3.61 percent. Bond prices move inversely to yields.

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 us stocks jump as market sees fed support staying Arab Today, arab today us stocks jump as market sees fed support staying

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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