The US markets opened higher yesterday following another round of strong earnings reports and strengthened into the close.
As widely anticipated, the Fed raised the repo rate by 25 basis points to 2.5% and maintained balanced risk assessment. The major indices closed higher for the third consecutive session for the first time in 2005, with the S&P 500 rising for the sixth time in seven sessions as nearly 2/3 of its constituents, having already reporting quarterly results, have beaten forecasts.
The Dow closed 44.85 points ahead at 10,596.79 with the Nasdaq 6.36 points better at 2,075.06 and the S&P500 3.78 points higher at 1,193.19.
Back with UK breaking news as soon as I find some...
It appears that AFX news feeds are currently out of action. It is the same on other sites, so a general problem. I will get the techie crew onto it as soon as possible...