- U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.
European markets gained as investors stayed upbeat after the latest U.S. Federal Reserve decision, with automotive and technology stocks among the biggest risers. The Bank of England is expected to keep monetary policy on hold in the face of rising inflation when the central bank releases its latest decision at 7 a.m.
Weekly Jobless Claims; Nike Inc. 1 Q earning. Stock futures rose, pointing to gains for major indexes as investors remained upbeat that trouble with property giant China Evergrande Group can be contained. Markets have been consumed this week with questions surrounding Evergrande, China's largest property developer.
The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23.
* China Evergrande settles interest payments on bond. * MSCI global stock gauge regains ground for 2nd day. * Wall Street's main indexes end up 1% * Oil prices rise over 2%, gold slips. By Lewis Krauskopf and Tom Wilson.
* Fed clears way to reduce monthly bond purchases soon. By Caroline Valetkevitch. U.S. stocks ended sharply higher on Wednesday as investors took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon.
* China Evergrande settles interest payments on bond. * MSCI global stock index regains ground for 2nd day. * Wall Street indexes trim earlier gains. * Oil rises, gold slips. By Lewis Krauskopf and Tom Wilson.
* Indexes: Dow up 1.3%, S&P up 1.2%, Nasdaq up 1.2% By Caroline Valetkevitch. U.S. stocks added to gains on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases "soon" and signaled interest rate increases may follow more quickly than expected. Overall indicators in the economy "have continued to strengthen," the Fed said in its latest statement.
* China Evergrande (EGRNF) settles interest payments on bond. * MSCI global stock index regains ground for 2nd day. * Wall Street, European markets post solid gains. * Oil prices gain, US 10-yr yield little changed. * Fed policy decision later on Weds in focus. By Lewis Krauskopf and Tom Wilson.
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