|09-17-2014, 02:27 PM||#1|
U.S shares close in green led by energy shares
U.S. shares managed to close in green territories with energy stocks up for a second day amid rising oil prices, ahead of the Federal Reserve’s policy meeting.
Market participants turned their eyes to a two-day Federal Reserve policy meeting that begins today for signals on the short-term direction of interest rates in the U.S.
The Federal Reserve will release a statement on Wednesday at 02:00 p.m. ET, followed by a news conference chaired by Fed Chief Janet Yellen.
-The Dow Jones Industrial Average gained 0.59% or 100.83 points to 17131.97
-The S&P 500 index gained 0.75% or 14.85 points to 1998.98
-The NASDAQ Composite index gained 0.75% or 33.86 points to 4552.76 . As of 16:20 p.m. ET
A measure of oil and natural gas producers added 0.7 percent, the biggest gain among 10 industries in the Standard & Poor’s 500 Index.
Tech companies were under heavy beating early Tuesday. NASDAQ’s most active included Apple, down 1.3 percent to $100.29; Yahoo, down 1.5 percent to $41.93 and Facebook, unchanged at $74.60.
The biggest mover on the NYSE was Glimcher Realty, which climbed 30.41%, after Washington prime announced the purchase of Glimcher for $4.3 billion.
On the other hand, Atlantic Power slumped 33.07% after announced it will replace its CEO and slash its dividend.
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