U.S. Stocks Jump As China Announces It Will Stimulate Its Economy
ICM Brokers | Sep 17, 2014 02:37AM ET
Dow Jones
U.S. stocks jumped up on Friday on news China will stimulate its economy as well as on sentiments that the Federal Reserve will release a more dovish-than-expected policy statement on Wednesday. U.S. stocks rally on China stimulus, Fed outlook; Dow rises 0.59% U.S. stocks rally as market won't rule out dovish Fed policy statement due out Wednesday. At the close of U.S. trading, the Dow 30 rose 0.59 %.
The Volatility S&P 500, which measures the outlook for market volatility, was down 9.84% at 12.73. The Federal Reserve will announce its latest statement on monetary policy this Wednesday, and expectations for the U.S. central bank to cut its monthly bond-buying program to $15 billion from $25 billion allowed for steady trading earlier. Investors were also hoping to see a timetable as to when U.S. interest rates may rise.
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