- Boosting Traffic & Sales: Why Invest in an Indian SEO Expert for Your Business
- Beat the summer heat with saffron tips for healthy and glowing skin
- Amazon India offers opportunities for women to work in Night Shifts in Haryana
- What can India learn from Sweden’s pragmatic tobacco control policy?
- Leap Day 2024: Interesting facts, history, and significance of February 29
- Samsung Announces New Memory Variant of Galaxy A15 5G at INR 17999
- Immunity-boosting foods for a healthy life
- Celebrating Leap Day 2024: Wishes and Messages for Leaplings
- Vanchit Bahujan Aghadi eyes 27 Maha LS seats, wants to put up Jarange-Patil
- 'Purely governmental function': Delhi HC refuses to order new 24-hour pan-India Doordarshan channel for Sindhi community
US stocks bounces back
The US stocks bounced back Wednesday following the deep decline of the previous session, as Wall Street assessed Federal Reserve\'s Beige Book amid mixed data.
The US stocks bounced back Wednesday following the deep decline of the previous session, as Wall Street assessed Federal Reserve's Beige Book amid mixed data.
The Dow Jones Industrial Average jumped 293.03 points, or 1.82 percent, at 16,351.38, Xinhua news agency reported.
The S&P 500 surged 35.01 points, or 1.83 percent, at 1,948.86. The Nasdaq Composite Index soared 113.87 points, or 2.46 percent, at 4,749.98.
According to the Beige Book released Wednesday afternoon, reports from the 12 Fed Districts indicate economic activity continued expanding across most regions and sectors during the reporting period from July to mid-August.
Respondents in most sectors across Districts expected growth to continue at its recent pace.
Overseas equities saw stabilization Wednesday. European shares reversed early losses to end mostly higher as investors eyed calmer global markets, with Germany's benchmark DAX index at Frankfurt Stock Exchange rising 0.32 percent.
In Asia, Chinese benchmark Shanghai Composite Index pared sharp early losses to close 0.2 percent lower on Wednesday after volatile trading, while Japan's 225-issue Nikkei Stock Average erased morning gains to finish 0.39 percent lower as investors were still worried about global economy.