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About: http://data.cimple.eu/news-article/2f58beb34434998c04797d22eefde3da0feed69b5a3cb8e49c066ec5 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The US equities rebound continued as trading opened on Wednesday, with investors awaiting the outcome of the Federal Reserve policy meeting later in the day. The Dow Jones Industrial Average was up 0.3 percent at 28,072.95 about 30 minutes into the trading session, while the broad-based S&P 500 gained 0.2 percent to 3,411.97. The tech-rich Nasdaq Composite Index, which has been leading this week's rally, edged up 0.2 percent to 11,215.01. Stocks continued to recover after a two-week pullback and showed little reaction to the slower-than-expected increase in US retail sales last month, which rose just 0.6 percent compared to July, amid slow auto sales, flat online sales and a jump in spending at restaurants and bars. The Fed meeting as always looms large, and while the outcome is considered a foregone conclusion, investors will be scrutinizing the quarterly forecasts from the central bankers set for release at 1800 GMT. Fed chief Jerome Powell last month announced a new policy that will keep rates low even if inflation rises, so any renewal of his increasingly urgent pleas to Congress to provide more support to the US economy are likely to be the focus of attention. "While the Fed has made it known that it stands ready to do more if necessary, we would expect the Fed chair to posit that additional fiscal stimulus is the greater need at this juncture," said Briefing.com analyst Patrick O'Hare said. FedEx and Adobe helped set the positive tone on Wall Street, with quarterly earnings reports that blew past expectations with double-digit revenue growth. FedEx surged 7.1 percent but Adobe dropped 2.0 percent. hs/cs
schema:headline	Wall Street opens higher ahead of Fed announcement
schema:mentions	O'Hare International Airport S&P 500 Index Stock FedEx Dow Jones Industrial Average Federal Reserve Inflation United States Congress Positive Tone Pullback bundle Fiscal policy Danica Patrick Jerome Powell NASDAQ Composite Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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