Fed Minutes lifted Wall Street – helagotland.se

Fed Minutes lifted Wall Street – helagotland.se

Published: 2014-10-08

New York.

US stocks opened down on Wednesday but took a large jump of joy when the minutes of the Fed’s last meeting was made public. The Dow Jones Industrial Index went up 1.6 percent and the Nasdaq composite index rose 1.9 percent. (TT)

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US stocks opened down on Wednesday but took a properly big jump since the minutes of the Fed’s last meeting in mid-September publication.

The protocol is repeated message that the first rate hike will not until the Fed members are fully confident that the economy is ready for it, a reassuring that got investors to ease their wallets.

Before that suites of the IMF’s negative projections about global economic conditions and new grim statistics about the development of the Chinese service sector pulled down the corners of the mouth in the market.

Dow Jones Industrial Index went up 1.6 percent and the Nasdaq composite index lifted 1.9 percent.