U.S.
stocks advanced, with the Standard & Poor™s 500 Index poised for
its biggest weekly jump in a month, amid investor optimism in the
strength of the world™s largest economy.
The S&P 500 added 0.2 percent to 1,876.51 at 9:30 a.m. in New York. The gauge has climbed 1.7 percent this week and closed within six points of its record reached March 7. The Dow Jones Industrial Average gained 20.72 points, or 0.1 percent, to 16,351.77 today.
Stock trading may be subject to unexpected swings today because of a quarterly event known as quadruple witching, when futures and options contracts on indexes and individual stocks expire.
The S&P 500 rose 0.6 percent yesterday as reports on leading indicators and regional manufacturing fueled optimism in the economy, overshadowing concern that benchmark interest rates may rise in the middle of next year.
The index lost 0.6 percent the previous day after Federal Reserve Chair Janet Yellen said the central bank™s stimulus program could end this fall and the rates could rise about six months later.
Three rounds of Fed stimulus and low interest rates have helped boost the equity gauge as much as 178 percent from a 12-year low as U.S. stocks enter the sixth year of a bull market.
Copy Source : Bloomberg
The S&P 500 added 0.2 percent to 1,876.51 at 9:30 a.m. in New York. The gauge has climbed 1.7 percent this week and closed within six points of its record reached March 7. The Dow Jones Industrial Average gained 20.72 points, or 0.1 percent, to 16,351.77 today.
Stock trading may be subject to unexpected swings today because of a quarterly event known as quadruple witching, when futures and options contracts on indexes and individual stocks expire.
The S&P 500 rose 0.6 percent yesterday as reports on leading indicators and regional manufacturing fueled optimism in the economy, overshadowing concern that benchmark interest rates may rise in the middle of next year.
The index lost 0.6 percent the previous day after Federal Reserve Chair Janet Yellen said the central bank™s stimulus program could end this fall and the rates could rise about six months later.
Three rounds of Fed stimulus and low interest rates have helped boost the equity gauge as much as 178 percent from a 12-year low as U.S. stocks enter the sixth year of a bull market.
Copy Source : Bloomberg
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