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Dow Advances 400 Points as Investors Parse Upbeat Earnings From Target, Lowe's and Await Fed Minutes


Wednesday, 20 May 2020 23:26 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks rose sharply Wednesday, erasing the previous day’s drop, as investors reviewed upbeat quarterly corporate results from retailers Target and Lowe’s and a surge in mortgage applications last week.

An account of the Federal Reserve’s most recent policy meeting, released later in the session, may also draw investor attention.

The Dow Jones Industrial Average advanced 417 points, or 1.7%, to 24,621. The S&P 500 climbed 55 points, or 1.9%, to 2,978. The Nasdaq Composite rose 201 points, or 2.2%, to 9,387.

On Tuesday, the Dow fell 390.51 points, or 1.6%, to end at 24,206.86, near a session low, while the S&P 500 index shed 30.97 points, or 1.1%, to finish at 2,922.94. The Nasdaq Composite Index  declined 49.72 points, or 0.5%, to close at 9,185.10.

Source : Marketwatch


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