Asian stocks were boosted on Thursday by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve pledged to support the country's virus-battered economy, though record-shattering COVID-19 cases tempered gains.
Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country's virus-battered economy, sending the dollar to a two-year trough.
Asian stocks were set to track an upbeat Wall Street session on Thursday after the Federal Reserve kept interest rates at ultra-low levels, while the U.S. dollar fell to a two-year low.
Asian stocks were set to track an upbeat Wall Street session on Thursday after the Federal Reserve kept interest rates at ultra-low levels, while the U.S. dollar fell to a two-year low.
What happened
Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 12.5% to a new closing high of $76.09 on Wednesday, following the semiconductor company's impressive second quarter results.
U.S. stocks gained further and the U.S. dollar fell on Wednesday as investors reacted to the Federal Reserve's decision to keep interest rates at ultra-low levels.
The S&P 500 Index (SNPINDEX:^SPX) rallied on Wednesday as new stimulus measures were being negotiated by Congress. While it may take a while for Democrats and Republicans to reach an agreement, further support for individuals and businesses will likely be necessary as the co
U.S. stocks closed higher on Wednesday, adding to gains after the Federal Reserve repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."
U.S. stocks added to gains on Wednesday after the Federal Reserve repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."
Technology stocks continued to climb during Wednesday trading, with the SPDR Technology Select Sector ETF posting a 1.6% advance in late trade while the Philadelphia Semiconductor Index was rising 2.5% this afternoon.
U.S. stocks gained further and the U.S. dollar fell on Wednesday as investors reacted to the U.S. Federal Reserve's decision to keep interest rates at ultra-low levels.
U.S. stocks added to gains on Wednesday after the U.S. Federal Reserve repeated a pledge to use its "full range of tools" to support the economy for as long as it takes to recover from fallout of the pandemic.
Technology stocks were climbing in Wednesday trading, with the SPDR Technology Select Sector ETF posting a 1.2% advance while the Philadelphia Semiconductor Index was rising 1.8% this afternoon.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
U.S. stocks rose on Wednesday as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus relief plan.
U.S. stock markets rose and perceived safe-haven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve on monetary policy and Congress over additional government stimulus.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".