Dow jumps 580 points, Treasury yields and oil prices ease as Fed governor signals no rate hike
11 Articles
11 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.
Dow Jones Today: Dow Futures Slip 0.1% Ahead Of US Jobs Report; Index Closed 624 Points Higher At 53,686 After Fed Rate-Hike Fears Ease; Check What Investors Should Know
The Dow closed Thursday at 53,686.11, up 624.16 points, or 1.18%, after Federal Reserve Governor Christopher Waller indicated that he could support keeping interest rates steady if upcoming data confirms that inflation pressures are easing.
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
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