REUTERS: U.S. stocks rose broadly on Wednesday with the S&P 500 index hitting a five-month high, after latest data backed the Federal Reserve's patient stance on future interest rate hikes.
Boeing Co pared gains to trade flat after Canada became the latest country to ground the company's best-selling 737 MAX jets following a second fatal crash in months. Technology shares rose 1.08 percent and provided the biggest boost to the benchmark S&P 500. The sector was propped up by Microsoft Corp and Apple Inc."The rally in tech stocks shows investors are confident that a trade deal will get done, it's just a matter of when," Nauman said.
At 12:49 p.m. ET, the Dow Jones Industrial Average was up 166.59 points, or 0.65 percent, at 25,721.25. The S&P 500 was up 23.67 points, or 0.85 percent, at 2,815.19 and the Nasdaq Composite was up 68.03 points, or 0.90 percent, at 7,659.06.
Source: News Formal (newsformal.com)
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street gains after tame economic data, Boeing turns higherU.S. stock index futures treaded water on Wednesday, as investors took a cautious stance ahead of a clutch of domestic economic data and another ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street lifted by benign economic data, gains in BoeingU.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve's patient stance on future rate hikes and as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street ekes out gains at open after inflation dataREUTERS: The S&P 500 and Nasdaq eked out gains at open on Tuesday as February's benign inflation data supported the Federal Reserve's 'patient' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US:Wall Street ekes out gains at open after inflation data[NEW YORK] The S&P 500 and Nasdaq eked out gains at open on Monday as February's benign inflation data supported the Federal Reserve's 'patient' approach towards further rate hikes, while a second day of losses in Boeing pressured the Dow. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street gains on benign inflation data; Boeing extends fallREUTERS: U.S. stocks eked out gains on Tuesday as benign February inflation data supported the Federal Reserve's dovish stance on future rate ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street up as inflation data supports dovish Fed; Boeing slips furtherREUTERS: U.S. stocks rose on Tuesday as benign February inflation data supported the Federal Reserve's dovish stance on future rate hikes, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New source of inspiration needed for bull market to continue its fine runHOLD the ticker-tape parade for the bull market's 10-year anniversary. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street lifted by tech shares, heavyweight Boeing pares lossesThe S&P 500 and Nasdaq futures eked out gains on Monday as investors took a cautious stance after a weak U.S. jobs report raised questions of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street drops on paltry jobs growth, global slowdown worriesREUTERS: Wall Street's main indexes fell on Friday, after data showed U.S. job growth almost stalled in February, adding to concerns of a slowdown ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street set to fall on weak jobs data, global growth worriesREUTERS: Wall Street was set to open sharply lower on Friday after data showed U.S. job growth almost stalled in February, adding to global growth ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street falls at open after weak jobs data, growth concernsREUTERS: U.S. stocks fell at open on Friday after data showed U.S. job growth almost stalled in February, adding to global growth worries sparked ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »