4 Sep 2013
Wall Street rallies on strong economic data; Syria on focus yet
FXstreet.com (San Francisco) - The US stocks market advanced for second day on Wednesday as investors' confidence was fueled by bullish Fed's Beige Book and corporate news. Wall Street recovered from early losses and posted strong gains.
The US economy grew at a "modest to moderate" pace in July and August, the Federal Reserve reported Wednesday, which describes economic growth in the same terms as the last ones. According to the Beige Book, "hiring held steady or increased modestly" and the Fed "lending activity weakened some"
Regarding Syrian, the US Senate Foreign Relations Committee authorize President Obama to conduct a limited military operation in Syria.
The Dow Jones jumped 96.91 points or 0.65% to 14,930.87. The S&P 500 advanced 13.31 pts or 0.81% to 1,653.08. The Nasdaq Composite added 36.43 pts or 1.01% to 3,649.04.
The US economy grew at a "modest to moderate" pace in July and August, the Federal Reserve reported Wednesday, which describes economic growth in the same terms as the last ones. According to the Beige Book, "hiring held steady or increased modestly" and the Fed "lending activity weakened some"
Regarding Syrian, the US Senate Foreign Relations Committee authorize President Obama to conduct a limited military operation in Syria.
The Dow Jones jumped 96.91 points or 0.65% to 14,930.87. The S&P 500 advanced 13.31 pts or 0.81% to 1,653.08. The Nasdaq Composite added 36.43 pts or 1.01% to 3,649.04.