Arab Today, arab today us stocks rise in volatile trade
Last Updated : GMT 00:09:48
Arab Today, arab today
Arab Today, arab today

US Stocks Rise in Volatile Trade

Arab Today, arab today

Arab Today, arab today US Stocks Rise in Volatile Trade

New York - Qna

US stocks rose Tuesday morning in another volatile session as investors awaited the Federal Reserve''s policy statement and any hint that the central bank will be able to calm markets and boost the economy, the Wall Street Journal published a Dow Jones report today. The Dow Jones Industrial Average was recently up 180 points, or 1.7%, to 10990. The index briefly turned negative shortly after the opening bell, but has rallied since and gained as much as 243 points at session highs before paring gains. Bank of America led the measure higher, rising 6.6% after tumbling 20% in Monday''s rout. J.P. Morgan Chase gained 2.9%. Dow had fallen 635 points on Monday, the sixth-biggest point drop in its history, to close at a 10-month low. The blue-chip index fell beneath 11,000 mark for the first time since November in the wake of Standard & Poor''s downgrade of the US government''s credit rating. Concerned investors have fretted over US government debt and the possibility that the economy could slide into another recession.

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