18/09/2013 07:56 AST

US stocks on Tuesday closed higher amid greater investor confidence that the US economy could withstand an expected reduction of Federal Reserve bond purchases.

The Dow Jones Industrial Average put on 34.95 points (0.23 percent) at 15,529.73. The broad-based S&P 500 added 7.16 points (0.42 percent) at 1,704.76. The tech-rich Nasdaq Composite Index jumped 27.85 points (0.75 percent) to 3,745.70, its highest close since September 2000.

A two-day meeting of the Federal Open Market Committee is scheduled to conclude Wednesday with a statement and news conference with Federal Reserve Chairman Ben Bernanke. Most market watchers expect the Fed to scale back the Fed's $85 billion per month bond-buying program.

For more on this Click Here


Business Times

Ticker Price Volume
Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
Businesses in Japan opt to renovate aging facilities, not build new ones

04/07/2025

A growing number of businesses are choosing to renovate aging office buildings and commercial facilities to avoid the trouble of rebuilding or constructing new facilities.

The trend has incr

The Peninsula

Microsoft laying off several thousand employees

03/07/2025

Microsoft on Wednesday said it was slashing a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies.

"We continue

AFP

Global public debt hits record $102tn, with developing nations bearing the brunt: UNCTAD

03/07/2025

Global public debt rose to an all-time high of $102 trillion in 2024, representing a 7.36 percent increase compared to the previous year, according to a leading UN body.

Nearly one-third of

Arab News

Most Gulf markets retreat ahead of vote on Trump's tax bill

02/07/2025

Most stock markets in the Gulf gave up early gains to close lower on Tuesday, as investors booked profits and turned cautious ahead of a US Senate vote on President Donald Trump's landmark tax and sp

Reuters

Jordan targets 80% debt-to-GDP ratio by 2028 as it backs IMF reforms

02/07/2025

Jordan aims to lower its public debt-to-gross domestic product ratio to 80 percent by 2028 under an International Monetary Fund-backed reform program, according to a government official.

Fi

Arab News