US stocks soar ahead of Fed policy meeting

US stocks soar ahead of Fed policy meeting

On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance.

The S&P 500 stood nearly 3.4% below its all-time maximum recorded in September. Eventually, all three key American indexes found themselves in positive territory.

The Dow's nominal rally advance was hampered by Boeing Co that tumbled by 2% because the company faced soaring scrutiny as for safety of its 737 MAX planes after a fatal crash on March 10 in Ethiopia. The world's number one air plane maker extended the previous week's 10.3% slump becoming the heaviest weight on the blue-chip index.

The Fed’s two-day policy gathering burst out on Tuesday. Market participants expect the major US financial instituiton

Brexit assisted to curb investor optimism because the UK’s speaker of Parliament stressed that Prime Minister Theresa May's proposal wouldn’t be put to a vote unless it wasn’t radically revised.

As a matter of fact, the Dow Jones Industrial Average rallied by 0.12% hitting 25,880.66. As for the S&P 500, it surged by 0.29% reaching 2,830.65, while the Nasdaq Composite surged by 0.28% ending up with 7,709.98.

Of the 11 key sectors in the S&P 500, 6 found themselves in the black, with financials and energy reporting the most impressive percentage gains.

As for the communications services sector, it turned out to be the number one percentage loser, suppressed by Facebook.

Facebook's stocks headed south by 3.1%. As for the equities of Apple, they tacked on by 0.9%.

Goldman Sachs soared by 2.2%, while Citigroup jumped by 1.2%.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

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FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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