Worthy Christian News » U.S. Headlines » Dow Jones, Nasdaq, S&P Hit Record Highs


Dow Jones, Nasdaq, S&P Hit Record Highs

Wednesday, July 26, 2017 | Tag Cloud Tags: ,

"Wall Street (5899300483)" by Alex Proimos from Sydney, Australia - Wall StreetUploaded by russavia. Licensed under CC BY 2.0 via Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Wall_Street_(5899300483).jpg#/media/File:Wall_Street_(5899300483).jpg

(Worthy News) - U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving campaign to lift interest rates, as Treasury yields sank lower.

While announcing its decision to hold short-term rates steady, the Federal Reserve said that it may begin paring the massive $4.5 trillion balance sheet it built up following the financial crisis "relatively soon," which some analysts took to mean as September. The Fed also said that inflation looks to remain below its target of 2 percent in the near term. [ Source:CBN News (Read More...) ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » U.S. Headlines » Dow Jones, Nasdaq, S&P Hit Record Highs

1 thought on “Dow Jones, Nasdaq, S&P Hit Record Highs

Leave a Comment

Worthy Christian News » U.S. Headlines » Dow Jones, Nasdaq, S&P Hit Record Highs