Dow jumps 580 points, Treasury yields and oil prices ease as Fed governor signals no rate hike
10 Articles
10 Articles
Dow jumps 580 points, Treasury yields and oil prices ease as Fed governor signals no rate hike
Stocks jumped Thursday while Treasury yields and oil prices dipped after a Fed governor signaled he wants to keep interest rates flat – lowering the odds of a rate hike this month.
Host: Mak Ka-yan; Guest: Tu Kuo-pin, Managing Director, E.Sun Financial Asset Management; Market Focus: The US 10-year Treasury yield fell by as much as 4.8 basis points to a low.
The Dow Jones Index closed up 624.16 points, while the S&P 500 and Nasdaq also surged, after Federal Reserve officials signaled their readiness to keep interest rates unchanged if inflation continues to slow. This encouraged the market to lower expectations of interest rate hikes, while US bond yields fell. The post “Dow Jones” closes up 624 points on “Fed” signal of unchanged interest rates – bond yields fall appeared first on Business Online S…
ASX set to rise as US rate hike expectations ease
US stocks rallied on Thursday as Treasury yields fell and investors grew more confident the Federal Reserve could leave interest rates unchanged this month. The S&P 500 gained 1.06% to 7,747.71, while the Nasdaq Composite rose 1.4% to 26,584.06. The Dow Jones Industrial Average climbed 624.16 points, or 1.18%, to 53,686.11, recording its strongest session
Dow closes 600 pts higher as Fed Rate hike bets ease and stocks rally
US stocks rallied on Thursday as investors reduced expectations for a Federal Reserve rate hike this month following comments from Fed Governor Christopher Waller. The Dow Jones Industrial Average rose 1.18%, while the S&P 500 and Nasdaq Composite also gained more than 1%. Dow leads broad market rally as rate bets fall The Dow climbed 627.37 points, or 1.18%, to close at 53,689.32, marking its best session since Aug. 4. The S&P 500 gained 81.67 …
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