Target, Lowe's earnings push Wall St. higher ahead of Fed minutes

📆 21/08/2019 22:23:00
📰 ChannelNewsAsia

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

U.S. stock index futures rose on Wednesday as upbeat earnings reports from retailers Lowe's and Target reflected robust consumer demand, helping ...

REUTERS: Wall Street's main indexes rose about 1per cent on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts.

"Investors are counting on the strength of consumer spending," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. The highlight of the day will be the minutes from the Federal Reserve's July meeting, when it cut interest rates for the first time in more than a decade. The details of the meeting are due to be released at 2 p.m. ET.

All S&P sectors were higher with the defensive utilities , consumer staples and real estate sectors posting the smallest gains, reflecting investor appetite for risk.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Futures gain on upbeat Target, Lowe's earnings; Fed minutes eyedU.S. stock index futures rose on Wednesday as upbeat earnings reports from retailers Lowe's and Target reflected robust consumer demand, helping ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »