U.S. stocks rose on Tuesday to maintain the momentum of late. The Fed reiterated that it would buy 600 billion U.S. dollars to implement programs to help economic recovery bonds, to stimulate job growth.
At 15:17 on December 14 EST, the Dow Jones industrial average rose 49.73 points to 11,478.29 points, or 0.44%; the Nasdaq composite index rose 6.30 points to 2,631.21 points, or 0.24%; the S & P 500 Index rose 2.04 points to 1,242.50 points, or 0.16%.
Investment institutions Jefferies & Co chief market strategist Art - Hogan (Art Hogan) said the market expected the Fed will not change monetary policy, especially in the unemployment rate is very close to 10% of the time. He said, "Usually everyone's expectations are right."
In a statement released before the Federal Reserve, including the better-than-expected November retail sales report, including some of the positive economic data has pushed U.S. stocks to rise. In a statement released after the Federal Reserve, U.S. stocks continue to maintain the highest level today.
Telecommunications and health care sector led the broader market, the financial sector lagged. Among the Dow 30 stocks, 26 stocks rose.
Consumer electronics retailer Best Buy (BBY) fell 15.7%, the company announced an unexpected drop in third-quarter profit and cut its full-year earnings forecast.
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