S&P 500, Dow rise before Fed; tech stocks pull down Nasdaq

REUTERS: The S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged period, while a slide in tech stocks dragged the Nasdaq lower.

The Fed will also be releasing its"dot plot" projection of interest rates, which is a chart of dots representing the anonymous, individual rate projections of Fed policymakers for the next few years. Wall Street's main indexes attempted a comeback from a tech-driven slump earlier in the month that saw the Nasdaq Composite index slip into correction territory in just three sessions.

Delivery firm FedEx Corp rose 6.1per cent after reporting a bigger-than-expected quarterly profit, helped in part by price hikes and lower fuel costs.

France Dernières Nouvelles, France 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.

Wall Street steady before Fed; tech stocks under pressureThe S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Europe: Travel, tech stocks prop up stocks, energy sector takes a hit[BENGALURU] Europe's Stoxx 600 inched higher on Monday as surging travel and technology stocks helped counter losses in the energy sector, with investors focused on Brexit-related developments and central bank actions later this week. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »