Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
US stocks rise sharply at the open after rate cut from China, hint of stimulus in Europe
[byline]
Original Publication Date: November 20, 2014 10:40PM
Publication Updated: January 8, 2025 9:30PM
U.S. stocks rose sharply in early trading after a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of that region’s central bank.
The Standard & Poor’s 500 index rose nine points, or 0.5 per cent, to 2,062 as of 9:31 a.m. Eastern time Friday.
The Dow Jones industrial average climbed 103 points, or 0.6 per cent, to 17,882. The Nasdaq composite gained 48 points, or 1 per cent, to 4,750.
The price of oil rose 73 cents to $76.58 a barrel in New York.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 per cent.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
