Wednesday, November 26th1.3°C
24124
23943

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.

The Canadian Press


Read more Business News

24053


Recent Trending




Today's Market
S&P TSX15038.41-35.24
S&P CDNX771.06-9.58
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8887-0.0002
Gold1196.20-0.40
Oil73.53-0.16
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.160.00
Knighthawk0.01-0.005
QHR Technologies Inc1.34+0.02
Cantex0.045+0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.035+0.005
Russel Metals31.50-0.64
Copper Mountain Mining2.16+0.01
Colorado Resources0.12-0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.34+0.015

 
24130


24035

FEATURED Property
2090661BANK FORECLOSURE!
$350,000
more details
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24156

24231


Member of BC Press Council


24203