JULY 29 — The S&P 500 and the Dow indexes scaled record highs today as a slate of strong corporate earnings reports and data showing a pickup in US economic growth reinforced optimism around a steady post-pandemic recovery.
The central bank’s comments also assuaged fears that a rise in cases of the Delta variant would hurt a solid US economic rebound. Data on Thursday showed gross domestic product increased at a 6.5 per cent annualized rate in the second quarter, while jobless claims fell to 400,000 for the week ended July 24.
Investors are now focused on the June reading of the personal consumption expenditures price index – the Fed’s main inflation measure, which is due on Friday. Trading in the shares of technology behemoths Apple Inc , Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc was muted.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Motivational speaker fined RM1,500 for not wearing face mask | New Straits TimesKUALA LUMPUR: A 34-year-old motivational speaker was slapped with a RM1,500 compound by Dang Wangi police today for failing to wear a face mask in public. actorvijay Motivational speaker rupanya.. carlsamsudin HarithIskander 😌
Source: NST_Online - 🏆 17. / 53 Read more »
Daily Covid-19 cases in Kelantan remain above 500 | New Straits TimesNSTnation The spike in Covid-19 cases in the state led to all 10 districts being placed under red zones. Covid19 Kelantan Infection Biasa la lps raya kes naik balik..tu la degil nak balik kampung jgk..menyusahkan org lain je yg nak cari makan!! Mco sambung lagi tak tau smp bila..meluat dah!!
Source: NST_Online - 🏆 17. / 53 Read more »
S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes | Malay MailNEW YORK, July 29 ― The S&P 500 ended little changed yesterday but off its session lows after the Federal Reserve said the US economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates. Keeping the market in...
Source: malaymail - 🏆 1. / 86 Read more »
S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes | Malay MailNEW YORK, July 29 ― The S&P 500 ended little changed yesterday but off its session lows after the Federal Reserve said the US economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates. Keeping the market in...
Source: malaymail - 🏆 1. / 86 Read more »
Fed says US economy showing progress but 'not fully recovered' | Malay MailWASHINGTON, July 29 ― The US economic recovery is showing signs of progress, but the Federal Reserve said yesterday it is not yet ready to end the easy money policies it implemented as the pandemic began last year. Widespread vaccinations have helped boost business activity and employment, though...
Source: malaymail - 🏆 1. / 86 Read more »
Visa beats estimates as reopening of economies, vaccinations boost spending | Malay MailNEW YORK, July 28 ― Visa Inc beat estimates for quarterly profit yesterday as vaccinations and reopening of economies spurred people to spend more on travel and entertainment, boosting volumes for the world's largest payment processor. Payment companies are seeing an uptick in volumes from the...
Source: malaymail - 🏆 1. / 86 Read more »