Baku 16° C
US stock market rises
Finance
- 22 March, 2024
- 08:19
Add Report.az to preferred Google sources
Stay up to date with the top news!
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
20:45
Azerbaijan, Austria see potential for infrastructure and logistics ties
Foreign policy
20:37
Azerbaijan, Austria to hold political consultations in Baku in November
Foreign policy
20:33
Baku to host Caspian and Black Sea oil and gas conference in April 2027
Energy
20:20
Moratinos thanks Aliyev for continued support for UNAOC
Foreign policy
20:17
Video
Video of Ilham Aliyev receiving Shaikha Al Nowais shared on his social media accounts
Domestic policy
19:52
Photo
Bayramov meets OIC secretary-general to discuss cooperation
Foreign policy
19:48
Photo
President Ilham Aliyev received Secretary-General of UN Tourism
Foreign policy
19:47
Azerbaijan exports 627,442 tonnes of crude oil to Germany
Energy
19:32
Azerbaijan's property insurance premiums rise 20.2%
Finance