Wall Street gains after upbeat retail earnings

NEW YORK (Reuters) - Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand and held their gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut. The Dow Jones Industrial Average rose 241.45 points, or 0.93%, to 26,203.89, the S&P 500 gained 23.91 points, or 0.82%, to 2,924.42 and the Nasdaq Composite added 71.65 points, or 0.9%, to 8,020.21.

Reuters August 22, 2019 02:06:36 IST
Wall Street gains after upbeat retail earnings

Wall Street gains after upbeat retail earnings

NEW YORK (Reuters) - Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand and held their gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut.

The Dow Jones Industrial Average <.DJI> rose 241.45 points, or 0.93%, to 26,203.89, the S&P 500 <.SPX> gained 23.91 points, or 0.82%, to 2,924.42 and the Nasdaq Composite <.IXIC> added 71.65 points, or 0.9%, to 8,020.21.

(Reporting by April Joyner; Editing by Leslie Adler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

South Korean woman linked to scandal to be extradited from Denmark - prosecutor
| Reuters
World

South Korean woman linked to scandal to be extradited from Denmark - prosecutor | Reuters

COPENHAGEN A South Korean woman wanted for questioning in connection with the scandal that brought down president Park Geun-hye has withdrawn her appeal against extradition from Denmark, the Danish state prosecutor said on Wednesday.

Pope asks Trump to be peacemaker, gives him environmental letter
| Reuters
World

Pope asks Trump to be peacemaker, gives him environmental letter | Reuters

By Philip Pullella and Steve Holland | VATICAN CITY VATICAN CITY Pope Francis urged U.S.