Saturday, August 1st19.7°C
27107
26096

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17689.86-56.12
Nasdaq5128.28-0.50
S&P 5002103.84-4.79
CDN Dollar0.7640-0.0052
Gold1096.90+0.60
Oil47.22-1.69
Lumber252.30+0.50
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences0.9101+0.1101
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
2340991549 McClure Road, Kelowna
5 bedrooms 4 baths
$974,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_





26370


Member of BC Press Council


26708