Wednesday, November 26, 2014   

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:
Europe's biggest bank names new boss in reshuffle (11-25 18:49)
Hang Seng down at close (11-25 16:50)
Consumer spending helps Germany skirt recession in Q3 (11-25 16:49)
German business confidence index Ifo rises in November (11-24 17:11)
Hang Seng, Shanghai jump on PBoC rate cute (11-24 16:31)
European stocks mixed at open (11-24 16:15)
Hang Seng jumps by lunch (11-24 12:26)
PBOC to inject liquidity if necessary (11-21 19:03)
China cuts interest rates (11-21 18:41)
Indexes track Connect (11-21 17:35)

More breaking news >>

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