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US stocks surge after economic data supported Fed stance on rate hikes


Devdiscourse News Desk new york United States
Updated: 13-03-2019 19:53 IST
US stocks surge after economic data supported Fed stance on rate hikes

The Dow Jones Industrial Average rose 82.57 points, or 0.32 per cent, at the open to 25,637.23. The S&P 500 opened higher by 8.26 points, or 0.30 per cent, at 2,799.78. Image Credit: Pixabay

U.S. stocks opened higher on Wednesday after a fresh set of economic data supported the Federal Reserve's patient stance on future rate hikes, while Boeing rose for the first time in three days since a fatal crash of its aircraft in Ethiopia.

The Dow Jones Industrial Average rose 82.57 points, or 0.32 per cent, at the open to 25,637.23. The S&P 500 opened higher by 8.26 points, or 0.30 per cent, at 2,799.78. The Nasdaq Composite gained 30.35 points, or 0.40 per cent, to 7,621.38 at the opening bell.

(With inputs from agencies.)

COUNTRY : United States

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