Baku 15° C
US stock market rises
Finance
- 22 March, 2024
- 08:19
US stock indices rose following trading results on Thursday, the S&P 500 and Nasdaq Composite updated record highs, Report informs via Russian media.
The market was buoyed by the results of the meeting of the Federal Reserve System (FRS), which confirmed its intention to reduce the base interest rate by 75 basis points this year. In addition, strong statistical data increased traders' optimism regarding the state of the US economy and the prospects for corporate profits.
As reported, the Federal Reserve kept the base interest rate on federal lending funds at 5.25-5.5% per annum following a two-day meeting that ended on Wednesday.
Author
Latest News
17:31
IDB president to visit Azerbaijan next week
Business17:21
Khazar Farhadov: Number of weekly flights between Azerbaijan, Pakistan reaches 10
Foreign policy17:10
Merz won't attend EPC summit in Yerevan
Other countries16:41
Sahil Babayev to attend ADB annual meeting in Uzbekistan
Finance16:14
Slovakia's ambassador to Azerbaijan: Scale of Karabakh's restoration remarkable
Karabakh15:54
Photo
Azerbaijan participating in International Publishing and Book Fair in Rabat
Cultural policy15:47
Fire at foot massage parlor kills 6 in China
Other countries15:35
Reps from 176 countries register to participate in WUF13 in Baku
Infrastructure15:27
Photo