US stocks rise as Fed minutes steals spotlight

2019-10-09 15:33:52 GMT (Economies.com)
US stocks rise as Fed minutes steals spotlight

US stocks rose today as the market closely anticipates the release of the US Federal Reserve meeting minutes later today.

 

Market experts are eager to gain insight on the Fed's last meeting, which resulted in the second US rate cut since the 2008 global financial crisis.

 

Otherwise, a new round of the US-China trade talks will launch on next Thursday in Washington, in attempts to end the ongoing raging trade war between the world's two largest economies.

 

The US Federal Reserve Chairman Jerome Powell stated yesterday  that the current US economic expansion and growth can be sustained, and inflation is near the Fed's target, but the global developments are posing risks.

 

Dow Jones gained 0.6% or 150 points to 26,312 points as of 14:52 GMT, Nasdaq rose by 0.9% or 70 points to 7,893, and S&P 500 rose by 0.7% or 21 points to 2,913.

 
 
 
  Symbol Last Change Chg.%
1.1163
-0.0003
0.0296%
1.2979
0.0027
0.2104%
17.709
0.164
0.933%
53.295
-0.412
0.768%
58.82
-0.59
0.99%
1491.405
1.250
0.084%
 
 
US
 
Europe
 
Asia