Wall Street advances after 2-day drop; USD weaker despite QE's end announcement

FXStreet (San Francisco) - The US stocks market closed positive for first time this week as investors' confidence was fueled by Alcoa's upbeat quarterly profits and later in the day fed by FOMC plans to finish QE on October.

The Dow Jones advanced 78.99 points or 0.47% to finish at 16,985.61; The S&P 500 added 9.12 points or 0.46% to close at 1,972.83; while the Nasdaq Composite won 27.57 pts or 0.63% to 4,419.03.

On currencies, the USD continues to trade with negative note against its major competitors despite the fact that the FOMC announcement.