News Formal

US stocks gain ahead of Fed interest rate decision

  • 📰 malaymail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

NEW YORK, July 27 — Wall Street stocks climbed early today ahead of a Federal Reserve decision on raising interest rates and following a stream of earnings reports that left...

NEW YORK, July 27 — Wall Street stocks climbed early today ahead of a Federal Reserve decision on raising interest rates and following a stream of earnings reports that left investors sighing in relief.

“The takeaway for many apparently is that their results and/or guidance was better than feared,” said Briefing.com analyst Patrick O’Hare. About 15 minutes into the trading session, the Dow Jones Industrial Average was up 0.4 per cent at 31,895.04. The Fed is expected to announce another three-quarter-point increase in the benchmark borrowing rate when its two-day policy meeting concludes at 1800 GMT, its latest effort to rein in soaring inflation.

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 US
 

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

United States United States Latest News, United States United States Headlines

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

White House: SK Group US$22b US investment to create secure supply chainsWASHINGTON, July 26 — New investments by South Korean conglomerate SK Group in the United States announced today reflect successful efforts by the Biden administration to create...
Source: malaymail - 🏆 1. / 86 Read more »