Dow jumps over 150 pts as Fed meeting kicks off

Dienstag, 19. März 2019 17:00

The Dow Jones Industrial Average jumped over 150 points during intraday trading on Wall Street as investors' optimism grew while Fed started its two-day latest monetary policy meeting, during which the Federal Reserve is not expected to decide on a rate hike. Previously, Chairman of the White House Council of Economic Advisors Kevin Hassett told reporters that US President Donald Trump's administration sees the state of the country's economy as strong.

The Dow Jones was up 0.69% at 12:08 pm ET, propped up by the healthcare industry, while the tech-heavy Nasdaq 100 increased 0.83% at the same time as chipmakers outperformed. The S&P 500 rose 0.62% moments later.

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Breaking the News / BM