MTS Futures News_AM_20180928

MTS News

MTS Futures News_AM_20180928

28 Sep 2018

• The Dow Jones Industrial Average rose 54.65 points, or 0.21 percent, to 26,439.93, the S&P 500 gained 8.03 points, or 0.28 percent, to 2,914 and the Nasdaq Composite added51.60 points, or 0.65 percent, to 8,041.97.

Wall Street climbed on Thursday, helped by gains in Apple, Alphabet and Facebook, as well as the U.S. Federal Reserve’s confidence in the strength of the economy after it raised rates for the third time this year.

• “The Fed’s statement is essentially a green light for the economy. It’s a confirmation that the U.S. economy is the best game in town for global investors,” said Jeffrey Kravetz, regional investment director at the Private Client Reserve of U.S. Bank.

• Adding to feel-good sentiment was data showing economic growth accelerated in the second quarter at its fastest pace in nearly four years as previously estimated.

• Asia markets were set for a higher open on the final trading day of the week, following the rebound of the S&P 500 and Dow Jones Industrial Average on Wall Street overnight.

• The Nikkei futures contract in Chicago was at 24,070, while its counterpart in Osaka was at 24,050. The Nikkei 225 last closed at 23,796.74.

Reference: Reuters, CNBC

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