US stocks rebound as Fed meeting begins

US stocks rebound as Fed meeting begins

New York, Sep 21 (IANS) US stocks traded higher as the Federal Reserve started its two-day policy meeting.

The Dow Jones Industrial Average rose on Tuesday 47.28 points, or 0.26 per cent, to 18,167.45, Xinhua news agency reported.

The S&P 500 added 4.38 points, or 0.20 per cent, to 2,143.50. The Nasdaq Composite Index was up 10.30 points, or 0.20 per cent, to 5,245.33.

The Fed will make a policy announcement on Wednesday after the conclusion of the meeting.

The central bank, however, is expected to leave rates unchanged this week and not lift again until December.

Financial markets have been choppy since last week on contrasting remarks on rate hikes by Fed officials.

On Monday, US stocks reversed early gains to end slightly lower as Wall Street awaited the US central bank’s policy meeting.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here