us stocks jump as market sees fed support staying
Last Updated : GMT 13:03:42
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.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

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*

us stocks jump as market sees fed support staying us stocks jump as market sees fed support staying

 



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*

us stocks jump as market sees fed support staying us stocks jump as market sees fed support staying

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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