The Federal Reserve is reducing its security purchases, but the key interest rate remains unchanged for the time being. The US markets react accordingly.
The US stock exchanges reacted positively to the decisions of the US Federal Reserve on Wednesday.
The Dow Jones Industrial turned positive and once again hit record levels after the monetary authorities announced that they will soon begin reducing their security purchases as expected. The New York price barometer crossed the finish line 0.29 percent higher at 36,157.58 points.
The S&P 500 also set another record to follow, with 4660.57 points it made it into the plus with 0.65 percent. The Nasdaq 100 set a record early on and then made it over the mark of 16,000 points for the first time. From the trade, the technology-heavy selection index went up 1.08 percent with 16,144.50 points. In the high-growth tech sector, it was particularly well received that the Fed “only” met expectations and did not tighten monetary policy beyond that.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
