Tuesday, September 30th13.7°C
22738
22501

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

23500


Recent Trending




Today's Market
S&P TSX14976.92-49.85
S&P CDNX912.76-6.66
DJIA17071.22-41.93
Nasdaq4505.853-6.341
S&P 5001977.80-5.05
CDN Dollar0.8946-0.0013
Gold1206.60-12.2001
Oil92.73-0.05
Lumber334.30+5.40
Natural Gas4.123-0.031

 
Okanagan Companies
Pacific Safety0.135-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.23+0.01
Cantex0.09+0.03
Anavex Life Sciences0.185-0.01
Metalex Ventures0.0550.00
Russel Metals34.49-0.54
Copper Mountain Mining2.52+0.11
Colorado Resources0.150.00
ReliaBrand Inc0.020.00
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.34-0.02

 



23375

FEATURED Property
2086305350 Eugene Road
3 bedrooms 2 baths
$399,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

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...


A wildly successful manufacturer

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...


Finding the smart money

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 ...

_





23499


Member of BC Press Council


22771