25 Jul 2013
Wall Street recovers early losses and posts daily gains
FXstreet.com (San Francisco) - The US stocks market rose on Thursday as investors digested the latest round of corporate earnings reports and late in the day Fed rumors on bond buying program, fueled investors confidence.
Major indexes performed negative almost the whole session to turn positive just at the latest couple of hours. The Nasdaq Composite was the only one who performed positive the whole day as it was fueled by the Facebook's share price 30% big jump.
Rumors that the Federal Reserve would keep its $85Bn monthly rate of its bond buying program in the next week policy meeting fueled investors confidence. In addition, the Fed is likely to discuss revising guidance on rates.
The Dow Jones advanced 13.37 points or 0.09% to end the day at 15,555.61. The S&P added 4.31 pts or 0.26% to close at 1,690.25. And the Nasdaq Composite rose 25.59 pts or 0.71% to 3,605.19.
Major indexes performed negative almost the whole session to turn positive just at the latest couple of hours. The Nasdaq Composite was the only one who performed positive the whole day as it was fueled by the Facebook's share price 30% big jump.
Rumors that the Federal Reserve would keep its $85Bn monthly rate of its bond buying program in the next week policy meeting fueled investors confidence. In addition, the Fed is likely to discuss revising guidance on rates.
The Dow Jones advanced 13.37 points or 0.09% to end the day at 15,555.61. The S&P added 4.31 pts or 0.26% to close at 1,690.25. And the Nasdaq Composite rose 25.59 pts or 0.71% to 3,605.19.