The Dow turns lower midday, as investors await the release of Federal Reserve meeting minutes to help gauge the course of interest rate policy. Read More...
Reuters
Global shares rise ahead of Fed minutes
Stock markets rose and benchmark U.S. treasury yields fell on Wednesday as traders waited for news from the U.S. Federal Reserve – the world’s most influential central bank – that might shed light on the path of its policy tightening. Nerves about a global recession were jangled on Tuesday by weak U.S. housing market data, but the mood gradually strengthened in global markets. On Wall Street, the Dow Jones Industrial Average rose 114.28 points, or 0.36%, the S&P 500 gained 21.05 points, or 0.53%, and the Nasdaq Composite added 88.10 points, or 0.78%, as growth stocks rallied.
