Dow Jumps 100 Points Ahead Of Federal Reserve Announcement

SourceForbes
SectorEconomy
CountryMiddle east

Topline The stock market opened slightly higher on Wednesday as investors waited for updates from the Federal Reserve, which will unveil its latest decision on monetary policy and quarterly economic forecasts later in the day.  Investors will closely watch for economic updates from the Federal Reserve. Ting Shen/Xinhua News Agency/Getty Images Key Facts The Dow Jones Industrial Average was up 0.3%, nearly 100 points, on Wednesday, while the S&P 500 rose 0.3% and the tech-heavy Nasdaq Composite gained 0.2%. The Federal Reserve is wrapping up its two-day policy meeting, the first since Chairman Jerome Powell announced a new inflation policy that will keep interest rates lower for a longer period of time. ...read more...