U.S.
stocks rose, sending the Standard & Poors 500 Index near its
all-time high and erasing losses for December, after the Federal Reserve
spurred the biggest three-day jump since 2011.
The
S&P 500 added 0.5 percent to 2,070.64 at 4 p.m. in New York,
erasing all its losses for the month and approaching its previous
closing high reached Dec. 5. The benchmark gauge is up 3.4 percent for
the week, the most since October.
Trading
in S&P 500 companies was 52 percent above the 30-day average for
this time of day. Some futures and options on stocks and indexes expire
today in a process known as quadruple witching. That often increases
volatility and trading volume.
Following
the Feds pledge to be patient on the timing of interest-rate increases,
the Bank of Japan held monetary policy steady today, almost two months
after boosting stimulus as Asias second-largest economy slumped into a
recession. In Europe, almost all economists project the central bank
will announce the purchase of large-scale government bonds next year.
Source : Bloomberg
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