the republic logo

Dow jumps for a second day after Fed says it is no rush to raise interest rates

bug
Share/Save/Bookmark

The Dow Jones industrial average surged more than 300 points on Thursday, building on gains from a day earlier after the Federal Reserve indicated that it was in no rush to raise interest rates as the economy strengthened.

Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected.

Energy stocks lagged the market as the price of crude oil turned lower, erasing an early gain.

The Dow was up 303 points, or 1.8 percent, to 17,657 as of 1:38 p.m. Eastern.

The Standard & Poor's 500 gained 35 points, or 1.8 percent, to 2,048.

The Nasdaq climbed 87 points, or 1.9 percent, to 4,732.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.21 percent.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.