U.S. stocks rose sharply Thursday, as a result of the Fed's statement was interpreted as the current rate hike cycle nearing an end, the Dow rose 217 points.
Up close, the Dow Jones Industrial Average rose 217.24 points to 11190.80 points, or 1.98 percent. Today, the Dow was up a point since April 2003 has been high, the Dow 30 kinds of constituent stocks rose across the board.
The Nasdaq composite index rose 62.54 points to 2174.38 points, or 2.96 percent; Standard & Poor's 500 index rose 26.87 points to 1272.87 points, or 2.16 percent.
New York Stock Exchange, shares rose more than 5 to 27 leading stocks fell on the Nasdaq stock market rose more than 6 to 24 leading stocks fell on.
New York Stock Exchange volume was 2.6 billion shares 3100, Nasdaq volume was 2.1 billion shares 5800.
In the stock market all day to keep up, but the Federal Reserve will raise overnight interest rates to 5.25 percent after the major indexes rising to a new high, this is the 17th consecutive time the Federal Reserve raising interest rates.
Investors the Federal Reserve to change the wording of the statement made a positive response. Federal Open Market Committee to delete the words "may be" more of a steady demand for policy measures to control the statement, and will be based on the economic prospects and decide whether or not to take "additional measures to control" its place.
EKN Financial Services stock market analyst Barry - Hyman (Barry Hyman), "the Fed is still worried about inflation, but seems to hint that the current rate hike cycle is coming to an end."
He said that this does not mean that the Fed will not be meeting again in August rate hike by 25 basis points, but the statement clearly shows that rate hike cycle is about to end.
Stephens Capital Management's fixed-income analyst Bill - Taidefute (Bill Tedford) said that the statement is a strong hint that the Fed will stop raising interest rates.
He pointed out that the statement of impartiality and integrity of direct economic growth is easing, but the previous statement that the economy may be easing. He said, "I do not think the Fed will be easing in the economic circumstances interest rate increase."
Mike Holland of the fund balance - Holland (Mike Holland), said the wording of a statement to alleviate the fears of investors, "Prior to the market worried about the Federal Reserve will make a stupid statement, but the statement is a responsible, not People would mistake for the U.S. Federal Reserve economic mess. "
At the end of the quarter buying also supported the market, some portfolio managers expect to increase buying by portfolio value. Friday is the June, as well as in the second quarter of the last trading day.
Today's report showed that the two economies in the U.S. economy in good condition.
First-quarter gross domestic product growth was revised to the final 5.6 percent, a three-year high. MarketWatch survey of economists on average expected growth of 5.5 percent.
At present, economists expected in the next few quarters, U.S. economic growth will slow to around 3%, non-inflationary growth rate of close to the long-term economic development under pressure from the ceiling.
In the first quarter of the core consumer price index to grow by 2%, lower than the fourth quarter of last year's 2.4 percent.
Last week, for the first time the number of applications for unemployment benefits increased 4,000 to 313,000, an average of four weeks to apply for unemployment benefits fell by 6,000 to 305,500 people, the highest since Feb. 25 has been low. MarketWatch survey of economists expected growth to an average of 311,000 people.
Other market
Since the Fed's statement did not show his hard-line attitude of the U.S. dollar hit a new low for the week.
The U.S. dollar against the Japanese yen exchange rate fell 1.3 percent, to 1 U.S. dollar 114.96 yen; the euro against the U.S. dollar exchange rate rose 0.8 percent, to 1 euro dollar exchange 1.26.44.
The bond market closed higher, the fixed income market on the current rate hike cycle is expected to terminate the Fed's statement made a positive response.
The benchmark 10-year bond rose 10/32 point, to 99 12/32, to yield 5.205 percent, down from Wednesday's 5.247 percent.
Gold futures closed higher. Gold futures for August delivery rose 7.90 U.S. dollars to 588.90 U.S. dollars an ounce, the contract was a breakthrough after 600 U.S. dollars.
Crude futures also rose in recent months, the contract rose 1.33 U.S. dollars to 73.52 U.S. dollars a barrel, or 1.8 percent. In the past seven trading days, the price of crude oil were up 6%.
Focus stocks
McDonald's (MCD) rose 5.0 percent, closing 33.56 U.S. dollars. Merrill Lynch raised the rating of fast food distributors, the brokerage expected McDonald's sales and profit margins, particularly in Europe, will be improved.
Ford Motor (F) was down 0.31 percent, closing 6.40 U.S. dollars. CEO Bill Gates - Ford (Bill Ford) in "The Wall Street Journal", said the company than the current situation a few months before the expected worse, as a result of the recent rise of oil prices, sports car sales decline in the rate Faster than expected.
Walt Disney (DIS) rose 1.7 percent, closing 29.88 U.S. dollars. The company said yesterday that the company has named John Pepper Jr. For the new chairman and chief executive officer.
Tenet Healthcare Corp. (THC) fell 1.8 percent, closing 7.10 U.S. dollars. The health care provider agreed to pay 700,000,000 25,000,000 U.S. dollars to the U.S. Department of Justice and its pre-2003 part of the medical insurance payment receipts to reach a settlement. The reconciliation of the financial arrangements relating to the medical and health insurance code.
The company also revealed a plan aimed at improving profit margins. The company will sell 11 hospitals and expand its capital investment projects.
Cardiovascular stent maker Boston Scientific (BSX) fell 1 cents to close at 16.94 U.S. dollars. Citigroup will be the medical equipment manufacturer rating from "hold" tune down to "sell." The broker that the company's acquisition of Guidant to make a wrong decision the financial situation in trouble, and the growth of its more limited scope.
Up close, the Dow Jones Industrial Average rose 217.24 points to 11190.80 points, or 1.98 percent. Today, the Dow was up a point since April 2003 has been high, the Dow 30 kinds of constituent stocks rose across the board.
The Nasdaq composite index rose 62.54 points to 2174.38 points, or 2.96 percent; Standard & Poor's 500 index rose 26.87 points to 1272.87 points, or 2.16 percent.
New York Stock Exchange, shares rose more than 5 to 27 leading stocks fell on the Nasdaq stock market rose more than 6 to 24 leading stocks fell on.
New York Stock Exchange volume was 2.6 billion shares 3100, Nasdaq volume was 2.1 billion shares 5800.
In the stock market all day to keep up, but the Federal Reserve will raise overnight interest rates to 5.25 percent after the major indexes rising to a new high, this is the 17th consecutive time the Federal Reserve raising interest rates.
Investors the Federal Reserve to change the wording of the statement made a positive response. Federal Open Market Committee to delete the words "may be" more of a steady demand for policy measures to control the statement, and will be based on the economic prospects and decide whether or not to take "additional measures to control" its place.
EKN Financial Services stock market analyst Barry - Hyman (Barry Hyman), "the Fed is still worried about inflation, but seems to hint that the current rate hike cycle is coming to an end."
He said that this does not mean that the Fed will not be meeting again in August rate hike by 25 basis points, but the statement clearly shows that rate hike cycle is about to end.
Stephens Capital Management's fixed-income analyst Bill - Taidefute (Bill Tedford) said that the statement is a strong hint that the Fed will stop raising interest rates.
He pointed out that the statement of impartiality and integrity of direct economic growth is easing, but the previous statement that the economy may be easing. He said, "I do not think the Fed will be easing in the economic circumstances interest rate increase."
Mike Holland of the fund balance - Holland (Mike Holland), said the wording of a statement to alleviate the fears of investors, "Prior to the market worried about the Federal Reserve will make a stupid statement, but the statement is a responsible, not People would mistake for the U.S. Federal Reserve economic mess. "
At the end of the quarter buying also supported the market, some portfolio managers expect to increase buying by portfolio value. Friday is the June, as well as in the second quarter of the last trading day.
Today's report showed that the two economies in the U.S. economy in good condition.
First-quarter gross domestic product growth was revised to the final 5.6 percent, a three-year high. MarketWatch survey of economists on average expected growth of 5.5 percent.
At present, economists expected in the next few quarters, U.S. economic growth will slow to around 3%, non-inflationary growth rate of close to the long-term economic development under pressure from the ceiling.
In the first quarter of the core consumer price index to grow by 2%, lower than the fourth quarter of last year's 2.4 percent.
Last week, for the first time the number of applications for unemployment benefits increased 4,000 to 313,000, an average of four weeks to apply for unemployment benefits fell by 6,000 to 305,500 people, the highest since Feb. 25 has been low. MarketWatch survey of economists expected growth to an average of 311,000 people.
Other market
Since the Fed's statement did not show his hard-line attitude of the U.S. dollar hit a new low for the week.
The U.S. dollar against the Japanese yen exchange rate fell 1.3 percent, to 1 U.S. dollar 114.96 yen; the euro against the U.S. dollar exchange rate rose 0.8 percent, to 1 euro dollar exchange 1.26.44.
The bond market closed higher, the fixed income market on the current rate hike cycle is expected to terminate the Fed's statement made a positive response.
The benchmark 10-year bond rose 10/32 point, to 99 12/32, to yield 5.205 percent, down from Wednesday's 5.247 percent.
Gold futures closed higher. Gold futures for August delivery rose 7.90 U.S. dollars to 588.90 U.S. dollars an ounce, the contract was a breakthrough after 600 U.S. dollars.
Crude futures also rose in recent months, the contract rose 1.33 U.S. dollars to 73.52 U.S. dollars a barrel, or 1.8 percent. In the past seven trading days, the price of crude oil were up 6%.
Focus stocks
McDonald's (MCD) rose 5.0 percent, closing 33.56 U.S. dollars. Merrill Lynch raised the rating of fast food distributors, the brokerage expected McDonald's sales and profit margins, particularly in Europe, will be improved.
Ford Motor (F) was down 0.31 percent, closing 6.40 U.S. dollars. CEO Bill Gates - Ford (Bill Ford) in "The Wall Street Journal", said the company than the current situation a few months before the expected worse, as a result of the recent rise of oil prices, sports car sales decline in the rate Faster than expected.
Walt Disney (DIS) rose 1.7 percent, closing 29.88 U.S. dollars. The company said yesterday that the company has named John Pepper Jr. For the new chairman and chief executive officer.
Tenet Healthcare Corp. (THC) fell 1.8 percent, closing 7.10 U.S. dollars. The health care provider agreed to pay 700,000,000 25,000,000 U.S. dollars to the U.S. Department of Justice and its pre-2003 part of the medical insurance payment receipts to reach a settlement. The reconciliation of the financial arrangements relating to the medical and health insurance code.
The company also revealed a plan aimed at improving profit margins. The company will sell 11 hospitals and expand its capital investment projects.
Cardiovascular stent maker Boston Scientific (BSX) fell 1 cents to close at 16.94 U.S. dollars. Citigroup will be the medical equipment manufacturer rating from "hold" tune down to "sell." The broker that the company's acquisition of Guidant to make a wrong decision the financial situation in trouble, and the growth of its more limited scope.
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