April 17, 2014
Monday, December 16, 2013

Upbeat data, deals lift Wall St; traders keep eye on Fed

US stocks rose today after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week.

The Dow Jones industrial average rose 129.21 points or 0.82 percent, to 15,884.57, the S&P 500 gained 11.22 points or 0.63 percent, to 1,786.54 and the Nasdaq Composite added 28.542 points or 0.71 percent, to 4,029.518.

European shares also rebounded from a four-day losing streak, led by a rise in German equities that helped offset concerns over future US monetary policy.

The pan-European FTSEurofirst 300 index ended up 1.3 percent at 1,258.31 points, while the euro zone's blue-chip Euro STOXX 50 index rose by around 2 percent to 2,978.77 points.

Gains in German blue-chips added the most to the FTSEurofirst, as Germany's benchmark DAX rose 1.7 percent.

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Tags:  Europe  shares  stocks  markets  Nikkei  

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