Stocks Extend Gains as Dollar Steadies; Oil Falls: Markets Wrap - Bloomberg

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Stocks Extend Gains as Dollar Steadies; Oil Falls: Markets Wrap  Bloomberg

A global stock rally sparked by dovish comments from the Federal Reserve chairman persisted into Wednesday, though it cooled somewhat amid lingering trade-war concerns. The dollar steadied after four days of decline. Futures on the S&P 500, Dow Industrials and Nasdaq all indicated gains at the New York open, after the underlying S&P index climbed the most since January on Tuesday. That’s when Jerome Powell said the central bank is monitoring the trade war’s impact and would act appropriately to sustain the U.S. expansion. Technology shares led the advance in the Stoxx Europe 600 as software...

https://www.bloomberg.com/news/articles/2019-06-04/stocks-in-asia-to-rally-as-fed-signals-ready-to-act-market-wrap

2019-06-05 11:28:43Z
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