US STOCKS SNAPSHOT-Wall St extends gains as Fed quiet on tapering
NEW YORK, July 31
NEW YORK, July 31 (Reuters) - U.S. stocks added to gains on Wednesday after the Federal Reserve said the economy continues to recover but is still in need of support, offering no indication that a reduction in the pace of its bond-buying stimulus program is imminent.
The Dow Jones industrial average rose 50.32 points or 0.32 percent, to 15,570.91. The S&P 500 gained 7.92 points or 0.47 percent, to 1,693.88. The Nasdaq Composite added 19.23 points or 0.53 percent, to 3,635.70.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls