Dow soars nearly 200 points as investors welcome steady tone from new Federal Reserve chief
NEW YORK, N.Y. - U.S. stocks are ending sharply higher after the new Federal Reserve chief, Janet Yellen, said she will continue the central bank's policy of low interest rates.
Investors also welcomed news that Congress appears ready to raise the government's borrowing limit. That would avoid the kind of political drama that brought the government to the brink of default late last year.
The Dow Jones industrial average jumped 193 points, or 1 per cent, to close at 15,995 Tuesday. The Dow has notched triple-digit gains in three of the past four trading days.
The Standard & Poor's 500 index climbed 20 points, or 1 per cent, to 1.820. The Nasdaq composite gained 43 points, or 1 per cent, to 4,191.
CVS Caremark rose nearly 3 per cent after the drugstore chain's earnings rose.
Read more Business News
- Rifle stolen from truckVernon / N. Okanagan
- RCMP truck goes off cliffVernon / N. Okanagan
- Stalking cougars killedVernon / N. Okanagan
- Cougars in your backyard?Poll
|QHR Technologies Inc||1.23||+0.01|
|Anavex Life Sciences||0.185||-0.01|
|Copper Mountain Mining||2.52||+0.11|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.34||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...