Saturday, January 31, 2015   

US stocks bounce on dovish Fed minutes
(04-10 10:42)

Wall Street stocks Wednesday bolted higher. Tech equities led the way after US Federal Reserve minutes showed no support for an early rise in interest rates.
The Dow Jones Industrial Average jumped 181.04 (1.11 percent) to 16,437.18.
The broad-based S&P 500 advanced 20.22 (1.09 percent) to 1,872.18, while the tech-rich Nasdaq Composite Index soared 70.91 points (1.72 percent) to 4,183.90.
Stocks were higher through early afternoon, but rose more after the Fed minutes were released. The minutes, as expected, showed the US central bank foresees continuing the steady cutback to its stimulus program.
But they also showed there was not a groundswell of Fed powerbrokers who supported a speedy rise to benchmark interest rates.—AFP

   
Other Business breaking news:
Eurozone deflation accelerates in January (01-30 18:10)
German retail sales grow for fifth year in row: data (01-30 17:32)
Spanish economy grows by 1.4 percent in 2014: stats office (01-30 17:19)
Taiwan's economy slows in fourth quarter 2014 (01-30 17:03)
European stocks rise at open (01-30 17:02)
Hang Seng ends lower (01-30 16:16)
Honda cuts full-year profit forecast (01-30 15:14)
Japan's biggest airlines project smooth annual earnings (01-30 15:13)
Nikkei finishes higher (01-30 15:01)
Japan unemployment rate down in December (01-30 12:23)

More breaking news >>

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