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US stocks end up as Fed keeps accommodative stance

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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.

 

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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.
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