The Federal Reserve has not rush to raise its key interest rate and by today’s monetary policy meeting, there seems to be clear that Governor Janet Yellen lubricates itself with patience.
This, together with the rise in oil prices contributed to the rise of oil companies and thus the stage was set for the best day in the year for both the Dow Jones and S & amp; P 500.
The Dow Jones rose 1.69 percent to 17,356.87 while the S & amp; P 500 rose 2, 04 percent to 2012.89.
Nasdaq rose 2.12 percent to 4644.31.
For each share that fell on the NYSE was almost eight shares that rose . For each share that fell on the Nasdaq were four shares rose.
All the ten most traded shares on the Nasdaq rose. At the NYSE rose six of shares more than 3 percent and it was only Fedex of the ten most traded fell after weaker quarterly than expected.
ExxonMobil was the most traded shares on the NYSE and rose entire 3 posent to $ 89.02, on a boost in oil prices. Oil prices in New York jumped and was as high as $ 59 before falling back below $ 56 again.
Chevron rose as much as 4.25 percent, while oil giant Halliburton rose 3.46 percent.
Bank of America rose 3.23 percent, while Cirigroup ended up 2.5 percent. Even McDonalds ended up over 3 percent.
On the Nasdaq rose 2.38 percent to Apple $ 109.29, while Facebook rose 1.9 percent to $ 76.11.
Tesla, which was down 1.5 percent in early trading ended up 4.05 percent to $ 205.82 and all ten most traded on the Nasdaq rose more than 1 percent.
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