U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year ...
NEW YORK: Technology stocks surged on Thursday, leading Wall Street higher as jitters over the Federal Reserve's warning of an economic slowdown were allayed by upbeat economic data.
"The market is concerned about economic growth, but the Fed stepping to the sidelines is very bullish for risk-takers," said Doug Cote, chief market strategist at Voya Investment Management in New York."It's a delayed market reaction to good news." The Dow Jones Industrial Average rose 217.1 points, or 0.84 percent, to 25,962.77, the S&P 500 gained 28.7 points, or 1.02 percent, to 2,852.93 and the Nasdaq Composite added 95.41 points, or 1.23 percent, to 7,824.37.Channel NewsAsia - Sentifi topic widget
Shares of Biogen Inc plunged 29.1 percent after the company announced it would halt late-stage trials for its experimental Alzheimer's drug.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks stifle Wall Street rally following dovish Fed statementU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Financials weigh down Wall Street as Fed stays dovishU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Wall Street set for muted open as investors await Fed outlookU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Rally may build in absence of trade, Fed surprisesUS stock indexes recorded their biggest gains since November last week despite a weak showing for Boeing and other manufacturers as fears about Brexit and US-China trade negotiations subsided. Read more at The Business Times.
Read more »
US: Wall St opens flat as investors await Fed outlook[NEW YORK] Wall Street's main indexes were little changed at the open on Wednesday as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered. Read more at The Business Times.
Read more »
FedEx outlook weighs on Wall St. ahead of Fed policy decisionU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
US: Wall St opens higher as Fed expected to hold fire[NEW YORK] US stocks opened higher on Tuesday as investors expected a more accommodative policy stance at the end of the US Federal Reserve's two-day meeting this week. Read more at The Business Times.
Read more »
Wall Street gives up gains on news of troubled trade talksU.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day ...
Read more »
US: Wall St gains with tech; S&P 500 posts best week since November[NEW YORK] US stocks rose on Friday, led by technology companies, as a report on progress in US-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November. Read more at The Business Times.
Read more »
China trade talks 'progress' boosts Wall StreetOptimism on a US-China trade deal drove Wall Street higher on Friday (Mar 15), with the S&P 500 and Nasdaq posting their highest closes since Oct 9.
Read more »