Lola Evans
22 Aug 2019, 06:35 GMT+10
NEW YORK, New York - U.S. stocks rose strongly on Wednesday as retailers reported positive earnings and the minutes of last month's Federal Reserve meeting revealed members debated a larger rate cut than they ultimately decided on.
The U.S. dollar remained well bid, particularly against the euro, yen and Swiss franc.
"A couple of participants indicated that they would have preferred a 50 basis point cut," the minutes of the July 30/31 meeting said.
At the close of trading Wednesday, the Dow Jones Industrial Average was ahead 241.45 points, or 0.93%, at 26,203.89.
The Standard and Poor's 500 rose 23.92 points or 0.82% to 2,924.43.
The Nasdaq Composite climbed 71.65 points, or 0.9%, to 8,020.21.
The euro eased to 1.1084. The British pound was weaker at 1.2123. The Japanese yen fell to 106.60, while the Swiss franc dipped to 0.9827.
The Canadian, Australian and New Zealand dollars were little changed at 1.3288, 0.6778 and 0.6400.
Equity markets overseas were mixed on Wednesday. The German Dax rose by 1.30%. In Paris, the CAC 40 did better, rising by 1.70%.
In London, the FTSE 100 climbed 1.11%.
On Asian markets, in Japan, the Nikkei 225 lost 58.65 points or 0.28% to 20,618.87.
The Shanghai Composite finished flat, ahead just 0.33 of point or 0.01% at 2,880.33.
The All Ordinaries in Australia did worst of all, falling 54.80 points or 0.83% to 6,572.60.
Get a daily dose of Las Vegas Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Las Vegas Herald.
More InformationBOISE, Idaho: Idaho authorities said that four people died when the vehicle they were traveling in collided with a train ...
DENVER, Colorado: On April 14, Colorado's Democratic-controlled House passed a bill by a vote of 35-27 banning the sale and ...
COLUMBIA, South Carolina: Federal prosecutors said that Christine Mary Livingston, supervisor in a South Carolina prison, accepted more than US$219,000 ...
Israel has established a new police force to stamp out peace activism in the West Bank. National Security Minister Itamar ...
WASHINGTON, D.C.: As Moscow's invasion into Ukraine has dragged on for more than two years, the U.S. and the UK ...
LOS ANGELES, California: Last week, the former interpreter of Japanese baseball star Shohei Ohtani was charged with bank fraud and ...
NEW YORK, New York - U.S. stocks wavered on Thursday as strong economic data gave further impetus to the Fed ...
AUGUSTA, Maine: On April 12, the Maine Legislature passed a bill to join an interstate compact for social worker licensure ...
AUSTIN, Texas: Reuters reported this week that Tesla will make more than 10 percent of its global workforce redundant amid ...
WASHINGTON, D.C.: On April 13, U.S. Steel shareholders voted in favor of the company's proposed US$14.9 billion acquisition by Japan's ...
NEW YORK, New York - A downturn in Nvidia, and a continuation of Tuesday's sell-off following Fed Chairman Jerome Powell's ...
SAN FRANCISCO, California: Wells Fargo reported a seven percent decline in first-quarter profit, surpassing analysts' forecasts despite increased costs associated ...