• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Wall St extends gains following Fed statement

September 22, 2021 by David Barret Leave a Comment

September 22, 2021

By Caroline Valetkevitch

NEW YORK (Reuters) – U.S. stocks added to gains on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected.

Overall indicators in the economy “have continued to strengthen,” the Fed said in its latest statement.

Stocks were already sharply higher before the news from the Fed, with stocks bouncing back as concerns eased over a default by China’s Evergrande .

Strategists said the Fed’s news was mostly in line with what investors were expecting.

“Across the board it’s exactly what we were expecting. The Fed took another step towards a formal taper announcement, and that’s probably going to come at the next meeting or two,” said Tom Garretson, senior portfolio strategist at RBC Wealth Management in Minneapolis.

The Dow Jones Industrial Average rose 450.75 points, or 1.33%, to 34,370.59, the S&P 500 gained 52.85 points, or 1.21%, to 4,407.04 and the Nasdaq Composite added 169.59 points, or 1.15%, to 14,915.98.

Stocks rose earlier after Evergrande’s main unit said it had negotiated a deal with bondholders to settle interest payments on a domestic bond, calming fears of an imminent default that could unleash global financial chaos.

Advancing issues outnumbered declining ones on the NYSE by a 5.45-to-1 ratio; on Nasdaq, a 3.01-to-1 ratio favored advancers.

The S&P 500 posted five new 52-week highs and eight new lows; the Nasdaq Composite recorded 45 new highs and 55 new lows.

(Reporting by Caroline Valetkevithc; additional reporting by Stephen Culp in New York, and Ambar Warrick and Medha Singh in Bengaluru; Editing by Maju Samuel and Lisa Shumaker)

Source Link Wall St extends gains following Fed statement

David Barret
David Barret

Related posts:

  1. Texas governor to sign Republican-backed voting restrictions
  2. Crypto platform Bitso working with El Salvador on Chivo digital wallet
  3. Thousands flee as lava spewing from volcano on Spain’s La Palma island destroys houses
  4. With the focus on a taper, five questions for the Fed

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Project Hail Mary Trailer First Look: What Would Happen If The Sun Got Darker?
  • Newly Discovered Cell Structure Might Hold Key To Understanding Devastating Genetic Disorders
  • What Is Kakeya’s Needle Problem, And Why Do We Want To Solve It?
  • “I Wasn’t Prepared For The Sheer Number Of Them”: Cave Of Mummified Never-Before-Seen Eyeless Invertebrates Amazes Scientists
  • Asteroid Day At 10: How The World Is More Prepared Than Ever To Face Celestial Threats
  • What Happened When A New Zealand Man Fell Butt-First Onto A Powerful Air Hose
  • Ancient DNA Confirms Women’s Unexpected Status In One Of The Oldest Known Neolithic Settlements
  • Earth’s Weather Satellites Catch Cloud Changes… On Venus
  • Scientists Find Common Factors In People Who Have “Out-Of-Body” Experiences
  • Shocking Photos Reveal Extent Of Overfishing’s Impact On “Shrinking” Cod
  • Direct Fusion Drive Could Take Us To Sedna During Its Closest Approach In 11,000 Years
  • Earth’s Energy Imbalance Is More Than Double What It Should Be – And We Don’t Know Why
  • We May Have Misjudged A Fundamental Fact About The Cambrian Explosion
  • The Shoebill Is A Bird So Bizarre That Some People Don’t Even Believe It’s Real
  • Colossal’s “Dire Wolves” Are Now 6 Months Old – And They’ve Doubled In Size
  • How To Fake A Fossil: Find Out More In Issue 36 Of CURIOUS – Out Now
  • Is It True Earth Used To Take 420 Days To Orbit The Sun?
  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version