Stocks rise following minutes from Fed meeting and an encouraging start to corporate earnings
NEW YORK, N.Y. - The stock market is sharply higher as investors got some encouraging news about interest rates and as U.S. corporate earnings got off to a good start.
Alcoa led a rally in companies that make basic materials. The aluminum maker rose 4 per cent after its earnings came in better than investors expected.
Minutes from the Federal Reserve's latest policy meeting reassured investors that the central bank won't move quickly to increase interest rates.
Technology stocks bounced back after taking a beating over the past week. Facebook surged 7 per cent.
The Standard & Poor's 500 index rose 20 points, or 1.1 per cent, to close at 1,872.
The Dow Jones industrial average rose 181 points, or 1.1 per cent, to 16,437. The Nasdaq composite rose 70 points, or 1.7 per cent, to 4,183.
Read more Business News
- Borba trial to resume next monthPenticton / S. Okanagan - 5:00 am
- Council grabs attentionWest Kelowna - 5:00 am
- Horning making a comeback?Kelowna - 6:27 am
- Sex offender arrested for murderBC
|QHR Technologies Inc||1.29||+0.02|
|Anavex Life Sciences||0.2039||-0.0156|
|Copper Mountain Mining||2.41||+0.01|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.27||0.00|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...