US stocks rise ahead of Fed's decision
US stock indices rose in early trading on Wednesday, ahead of the Federal Reserve's decision.
The US Federal Reserve's decision will be later today and will be followed by a press conference from the Fed Chief Jerome Powell to comment on monetary policy.
Powell has hinted at reducing the size of the Fed's asset purchases before the end of the year.
Evergrande's real estate crisis continues to grow, which faces a disastrous debt default scenario, which could destabilize many economic sectors in China.
Otherwise, the US House of Representatives passed a bill to avoid government shutdown and suspended the debt limit.
As for stocks, Dow Jones rose 1% or 346 points to 34,266 as of 14:19 GMT, and S&P 500 rose 0.8% or 35 points to 4,390, while Nasdaq rose 0.7% or 97 point to 14,834.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1611
|
0.0000
|
0.0017%
|
|
|
|
|
1.3763
|
0.0025
|
0.1783%
|
|
|
|
Tadawul
|
11861.19
|
15.26
|
0.13%
|
|
|
|
|
24.407
|
1.093
|
4.690%
|
|
|
|
|
84.701
|
1.355
|
1.626%
|
|
|
|
|
86.21
|
0.66
|
0.77%
|
|
|
|
|
1801.095
|
31.355
|
1.772%
|
|
