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
- Forum to fight homelessnessKamloops - 11:28 am
- Roundabout KelownaKelowna - 11:26 am
- Serwa speaks on Olympics and futureKelowna - 12:55 pm
- Summerland council votes on land swapPenticton / S. Okanagan - 10:29 am
|QHR Technologies Inc||1.19||+0.01|
|Anavex Life Sciences||0.54||+0.12|
|Copper Mountain Mining||2.14||-0.06|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.275||-0.02|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...