US stocks end up as Fed keeps accommodative stance

📆 7/29/2020 11:47 PM
📰 The Straits Times

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK (AFP) - Wall Street stocks finished solidly higher on Wednesday (July 29) as the Federal Reserve again stressed that it would maintain its highly accommodative stance and keep interest rates at zero until the economy recovers.. Read more at straitstimes.com.

NEW YORK - Wall Street stocks finished solidly higher on Wednesday as the Federal Reserve again stressed that it would maintain its highly accommodative stance and keep interest rates at zero until the economy recovers.The broad-based S&P 500 gained 1.2 per cent to 3,258.44 while the tech-rich Nasdaq Composite Index climbed 1.4 per cent to 10,542.94.

He said"the current economic downturn is the most severe in our lifetimes... and it will take continued support from both monetary and fiscal policy" to achieve a recovery.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Wall St opens higher on upbeat earnings; Fed in focus[NEW YORK] Wall Street's main indexes opened higher on Wednesday as a slew of positive earnings updates and hopes for a dovish tone from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus support plan. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »