U.S. stocks soared,
after erasing earlier gains following the Federal Reserve’s policy
meeting statement, as banks and energy companies led a rally.
Equities had advanced
into the afternoon Fed statement, boosted by Apple Inc. following its
better-than-expected results and by energy shares as oil surged the most
in eight weeks. A signal that policy makers are still considering an
interest-rate increase this year briefly undercut the gains before banks
jumped on the prospects for stronger profits.
The Standard &
Poor’s 500 Index rose 1.2 percent to 2,090.29 at 4 p.m. in New York,
after earlier wiping out a 0.9 percent gain. The Nasdaq Composite Index
increased 1.3 percent, while the Russell 2000 Index rallied 2.9 percent,
its biggest gain this year.
The economy is still
expanding at a “moderate” pace, Fed officials said as they left interest
rates unchanged, and they will consider tightening policy at their next
meeting in December without making a commitment to act this year. Even
with a slower pace of recent job gains, labor market indicators show
slack has diminished since early this year, the Federal Open Market
Committee said.
The Fed removed a line
from September’s statement saying that global economic and financial
developments “may restrain economic activity somewhat,” saying only that
the central bank is monitoring the international situation.
Source : Bloomberg
0 komentar :
Post a Comment