Major indexes on Wall Street responded positively Wednesday to indications from the Federal Reserve that it intends to keep its near-zero short-term interest rate for a while still. The Dow Jones industrial average ended the day up 24.88 points (0.2 percent) at 17,156.85, being a record high for the year, while the S&P 500 climbed 2.59 points (0.1 percent) to 2,001.57, a figure just short of its September 5 high of 2,007.71. The Nasdaq composite gained 9.43 points (0.2 percent) to close at 4,562.19.
The US economy is experiencing a growth rate of 3 percent, with corporate profits, hiring, manufacturing and construction all on the uptick. While this is all good news, it raised concerns in the market that the Fed would increase interest rate to curb inflation. However, fears of a short term interest rate increase by the Central Bank can be laid to rest for now. Other news affecting markets on Wednesday included the fact that US consumer prices dropped slightly in August, and inflation remained tame.
Big movers on Wednesday includ...
Ponzi Schemes Remain a Threat to Investors - 4 Sep 2014 - Features
Hi-yield investment and Ponzi schemes remain among the top threats to investors and small business owners according to a list compiled by security regulators in the North American Securities Administrators Association (NASAA). Despite the name-and-shame publicity given to various scammers, investors continue to be drawn in by promises of high rates of returns, giving scam artists the opportunity to fleece investors...
US Markets Respond Positively to FOMC Minutes - 21 Aug 2014 - Markets
The minutes of the Federal Open Market Committee meeting held in July were the driving force behind fluctuations on Wall Street in the final hours of trading on Wednesday as investors absorbed the implications of the central bank holding back on raising interest rates for now. Stocks initially trimmed the day's gains, but rebounded soon after, with both the Dow Jones industrial average and the S&P 500 returning to positive territory before the end of the regular session on Wall Street...
Wall Street Banks to Resubmit Resolution Plans - 7 Aug 2014 - News
When U.S. banks deemed too-big-to-fail were in danger of failing in 2008, the government stepped in and bailed these banks out, largely at the expense of taxpayers. The reasons for this unprecedented action, which raised a storm of protest from many quarters, were many, and the matter of accountability remains a much debated issue. In 2010 the Dodd-Frank act was passed in an attempt to strengthen regulation of large financial institutions and thereby avoid the necessity of government bailouts in the future. As part of the new regulations, banks were required to submit Resolution Plans, more commonly referred to as ‘living wills’, detailing strategies for going through the bankruptcy procedure in a controlled and orderly manner should this ever become necessary. ..
Hot Discussions On Our Forums
Three Bull Flags You Want To Buy: (NYSE:VJET), (NASDAQ:SINA), (NASDAQ:SSYS) There are some amazing bull flag setups out there as the markets hover near all time highs. Three...By johnitms
InterCloud Systems: A Stock I Have My Eye On...But Did Not Buy Yet InterCloud Systems Inc (NASDAQ:ICLD) is a small company in a big sector. The sector is telecom an...By johnitms
Join our Forums
It's official: Alibaba prices at $68 Alibaba officially secured its place in history as the largest U.S.-listed IPO of all time. The company will be worth $168 billion.
Americans aren't eating their Wheaties Cereal makers like General Mills, Kellogg and Post are all suffering as people shift what they're eating for breakfast.
Meet CNNMoney's Tech 30 stock index Read full story for latest details.
Brought to you by Yahoo
Latest News Videos
- Components of Ethical Investment
- Thursday 17 July 2014 - News
- NASAA: Protecting Main Street Investors
- Thursday 3 July 2014 - News
- M&A Activity Flourishing in US Markets
- Thursday 19 June 2014 - News
- Wal-Mart Tops Fortune 500
- Thursday 5 June 2014 - News
- FOMC Minutes Boost Market
- Thursday 22 May 2014 - News
- Pharmaceutical Sector Shake-up
- Thursday 8 May 2014 - News