US stocks rally as Fed holds rates, prompts hope for end to hikes

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK, Nov 2 ― Wall Street's major indexes closed higher yesterday with the Nasdaq's 1.6 per cent advance leading gains, after the US Federal Reserve kept...

Ambassador Nazri: US State Dept displeased with PM Anwar's comments on Gaza conflict, wanted Putrajaya to sympathise with IsraelThe Dow Jones Industrial Average rose 221.71 points, or 0.67 per cent, to 33,274.58, the S&P 500 gained 44.06 points, or 1.05 per cent, to 4,237.86 and the Nasdaq Composite added 210.23 points, or 1.64 per cent, to 13,061.47. — Reuters picNEW YORK, Nov 2 ― Wall Street's major indexes closed higher yesterday with the Nasdaq's 1.

Charlie Ripley, senior investment strategist for Allianz Investment Management, wrote that while there is still a potential risk for the Fed to raise rates again, Powell's commentary suggests that “the bar has become higher for rate hikes.” In individual stocks, Shares of Advanced Micro Devices jumped almost 10 per cent after an upbeat forecast for sales of chips for artificial intelligence signalled progress in its bid to catch up with market leader Nvidia.

Tinder owner Match Group dropped 15.3 per cent after it also forecast fourth-quarter revenue below estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 1. in BUSİNESS

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.

Wall Street advances on eve of Fed decision, investors digest earningsNEW YORK: Wall Street’s main indices ended with gains on Tuesday (Oct 31) as investors looked ahead to the Federal Reserve’s (Fed) monetary policy upd...
Source: theSundaily - 🏆 25. / 51 Read more »