Wall Street opens higher as eyes fixed on G20 Summit

2018-11-30 16:27:27 GMT (Economies.com)
Wall Street opens higher as eyes fixed on G20 Summit

US stock indices opened the last session of the week and month higher, resuming the gains of this week after a hiatus yesterday, as eyes are fixed on the G20 Summit in Argentina. 

 

Federal Reserve Bank of New York President John Williams said in earlier remarks today that he believes neutral levels for interest rates to be low, while asserting the importance of maintaining long-term inflation outlook steady. 

 

The Fed releases the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future. 

 

In a speech earlier this week, Federal Reserve Chair Jerome Powell noted how interest rates are only slightly below neutral levels, which was priced by markets as moderation in the pace of rate hikes in the near future. 

 

Stock Performance 

 

As of 03:57 GMT, Standard and Poor's 500 rose 0.21%, or 5.50 points to 2,743.26, while Dow Jones barely inched up 0.01%, or 3.70 points to 25,342.54. 

 

Tech-heavy NASDAQ climbed 0.32%, or 23.26 points to 7,296.34. 

 
 
 
  Symbol Last Change Chg.%
1.1303
-0.0094
0.8278%
1.2575
-0.0128
1.0100%
14.626
0.005
0.034%
51.148
-1.097
2.101%
60.16
-1.26
2.05%
1239.975
-8.065
0.646%
 
 
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