New York: Wall Street stock finished on a fresh record Wednesday after a very telegraph Federal Reserve decision to increase the stimulus program.
For the fourth day in a row, the three main indices ended at all time highs, with Dow Jones Industrial on average up 0.3 percent to 36,157.58.
The broad-based S & P 500 rose 0.7 percent to complete 4,660.57, while the technology of the Nasdaq composite that was rich in technology soared one percent to 15,811.58.
The Fed said it would begin to slow down the purchase of stimulus bonds this month because it referred to a strong recovery in the US economy.
The Head of the Fed Jerome Powell attached to his view that the higher inflation rate than the higher today will drop in the second half of 2022, maintain the patient’s attitude even though there is an inflation trend that has encouraged the question of whether the US central bank reads the situation wrong.
The main index is in a negative region in part of the day, but pushed up after the Fed announcement.
“It’s natural to be nervous about potential surprises,” Art Hogan, chief strategist at the National Securities said about the initial trade.
But, “You have what you expect,” he said.
Previously, the ADP payroll service company said that the private business employed 571,000 workers last month, a number better than expected that came ahead of important government job data on October for October.
Among each company, Deere & Company, 3.5 percent after the Auto United Union chose the latest contract offer, extending the strike that began three weeks ago.
Bed Bath & Beyond jumped 15.2 percent because it announced collaboration with kroger to market products on their respective e-commerce websites.
The shopping chain jumped 5.5 percent.
Bath Bath & Beyond also said it would complete the plan to repurchase $ 1 billion in the next two years.
Hertz fell 9.3 percent to $ 31.80 because it announced that several shareholders sold 37.1 million shares, and the company planned to buy a value of $ 500 million.
The car rental company, which was reorganized in the US bankruptcy court also said the plan to register on the Nasdaq list.