About: http://data.cimple.eu/news-article/862fada9e669d0069a5db4e9077125dc86ceb3265fda6efd6d2f4082

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About: http://data.cimple.eu/news-article/862fada9e669d0069a5db4e9077125dc86ceb3265fda6efd6d2f4082 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street indices advanced at the open on Friday, on track for a healthy finish to a week that saw several record highs and a major Federal Reserve policy shift. About 20 minutes into the session, the benchmark Dow Jones Industrial Average was up 0.3 percent to 28,566.90. The broad-based S&P 500, which scored its fifth straight record high close on Thursday, advanced 0.2 percent to 3,492.45, while the tech-rich Nasdaq moved 0.4 percent higher to 11,672.60. Fed Chair Jerome Powell unveiled a major shift Thursday that means the central bank would not rush to raise interest rates and instead accept inflation above its two-percent target with the goal of maximizing employment to the benefit of the poor. "Attention remains on the Federal Reserve's shift in policy, which raises prospects for historically low interest rates for a prolonged period of time," Wells Fargo Advisors said. Wall Street reacted positively to the move in Thursday trading, and the Dow is now on track to erase its losses for the year following a sharp contraction in March as the coronavirus pandemic forced businesses across the United States to close. The personal consumption expenditures (PCE) data for July released by the Commerce Department Friday showed no sign of inflation spiking even with lending rates at zero, with the price index ticking up only 0.3 percent, slower than in June. However, expenditures had a more tepid gain than the prior month, rising just 1.9 percent. Coca-Cola was up 1.2 percent after announcing it would reorganize its business and offer about 4,000 severance packages as part of jobs cuts in North America. cs/hs
schema:headline	US stock advance in opening trading, Dow +0.3%
schema:mentions	S&P 500 Index Fargo Trucks The Coca-Cola Company Dow Jones Industrial Average North America Federal Reserve Inflation Pandemic United States Coronavirus Personal consumption expenditures price index United States Department of Commerce Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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