Stocks rallied on Wall Street late Thursday reaching the highest levels in years following the Federal Reserve's announcement of a new bond-buying program. The Dow Jones industrial average jumped 207 points, or 1.6 percent, while the Nasdaq rose 1.3 percent and the SP 500 gained 1.6 percent. The day's gains pushed the Dow and SP 500 to their highest closing levels since December 2007, while the tech-heavy Nasdaq finished at its highest level since November 2000. Federal Reserve's fresh dose of monetary stimulus would improve economic growth. The U.S. central bank initiated another aggressive stimulus program, saying it will buy USD 40 billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. Analysts said the Fed's move would have wide-reaching impact and was part of a global shift toward extra monetary stimulus.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
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Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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