US: Stocks rally on hopes for stimulus, dovish Federal Reserve

The broad-based S&P 500 rose 1.2 per cent to close at 2,923.64, while the tech-rich Nasdaq Composite Index advanced 1.4 per cent to 8,002.81.

Nate Thooft of Manulife Asset Management, said stocks were oversold following that rout and investors were optimistic that Federal Reserve Chair Jay Powell will adopt a dovish tone Friday in a closely-watched speech at an influential central banking conference in Jackson Hole, Wyoming. Among individual companies, Apple rose 1.9 per cent after Mr Trump said Apple Chief Executive Tim Cook made a persuasive argument against tariffs on Apple goods made in China in light of its rivalry with South Korean company Samsung.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US stocks rally on hopes for stimulus, dovish FedNEW YORK: Wall Street stocks rose for a third straight session on Monday (Aug 19), joining a global rally amid talk of economic stimulus in ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Asia stocks rise as stimulus, policy hopes calm nervous investorsAsian stocks rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Stimulus optimism boosts stocks, eases pressure on bondsAsian stocks rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »