* Fed keeps overnight benchmark interest rate near zero. * Fed leaves unchanged bond-buying program. * Alphabet rises after results. By Caroline Valetkevitch. NEW YORK, July 28 - The S&P 500 ended little changed on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.
* S&P 500 up 0.05%, Nasdaq rebounds 0.6% * European stocks boosted by upbeat earnings. * China blue-chip index closes up 0.2% * Yuan edges back from three-month lows. * Dollar makes marginal gains. * Fed statement due at 2 p.m. EDT. By Koh Gui Qing and Tom Arnold.
* Indexes: Dow down 0.3%, S&P up 0.04%, Nasdaq up 0.6% By Caroline Valetkevitch. The S&P 500 reversed declines to trade barely higher in choppy trading on Wednesday after the Federal Reserve said the U.S. economic recovery remained on track despite rising coronavirus cases and that higher inflation remained the result of "transitory factors."
* S&P 500 up 0.05%, Nasdaq rebounds 0.6% * European stocks boosted by upbeat earnings. * China blue-chip index closes up 0.2% * Yuan edges back from three-month lows. * Dollar makes marginal gains. * Fed statement due at 2 p.m. EDT. By Koh Gui Qing and Tom Arnold.
* China blue-chip index closes up 0.2% * Yuan edges back from three-month lows. * Dollar makes marginal gains. * Fed statement due at 2 p.m. EDT. By Tom Arnold. Global equities regained some poise on Wednesday as a storm in Chinese stocks showed signs of easing, while the dollar made modest gains as investors awaited a Federal Reserve meeting.
The S&P 500 reversed declines to trade barely higher in choppy trading on Wednesday after the Federal Reserve said the U.S. economic recovery remained on track despite rising coronavirus cases and that higher inflation remained the result of "transitory factors." The Dow cut its declines while the Nasdaq added to gains. The Fed statement came at the conclusion of its latest two-day policy meeting.
Interest Rate Decision; EIA Weekly Petroleum Status Report; Canada Consumer Price Index for June; McDonald's Corp. 2 Q earnings; Pfizer Inc. 2 Q earnings; Boeing Co. 2 Q earnings; Facebook Inc. 2 Q earnings; Ford Motor Co. 2 Q earnings. Stock futures ticked higher Wednesday as investors awaited fresh guidance from the Federal Reserve and another batch of earning reports from the nation's biggest companies. The stock market is hovering near all-time highs, with investors betting on...
International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech stocks and began to seep into currency and debt markets. China's rise in global indexes in recent decades means money managers are more exposed than ever as Beijing seeks to reduce the dominance of some of its tech, property, ride-hailing and even private education firms.
U.S. stocks edged higher on Wednesday in a listless showing while the dollar made modest gains as investors stayed on the sidelines and waited for the outcome of a Federal Reserve meeting. All eyes will be on a statement from the Fed policy meeting, due at 2 p.m. EDT, with a news conference by Chairman Jerome Powell expected half an hour later.
U.S. stocks edged higher on Wednesday and the dollar slipped into losses after the Federal Reserve said the economic recovery was on track, but offered no clues about when monetary policy will eventually be tightened.
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