The white paper on Fed's stress test was released and better than expected results from Ford.
The US Federal Reserve released the methods it used to conduct stress tests of the biggestUS
American Express was the primary leader among financial stocks. The stock rose 20% after the company reported better-than-expected earnings.
Financial stocks briefly fell into negative territory following the announcement, but quickly recovered and helped lift the broader market to its session highs late in the afternoon.
The Dow gained 119.23 points(1.5%), The S&P 500 index gained 14.31points(1.7%) and the Nasdaq composite index added 42.08 points (2.6%).
The US Federal Reserve released the methods it used to conduct stress tests of the biggest
American Express was the primary leader among financial stocks. The stock rose 20% after the company reported better-than-expected earnings.
Financial stocks briefly fell into negative territory following the announcement, but quickly recovered and helped lift the broader market to its session highs late in the afternoon.
The Dow gained 119.23 points(1.5%), The S&P 500 index gained 14.31points(1.7%) and the Nasdaq composite index added 42.08 points (2.6%).
0 comments:
Post a Comment