Lola Evans
13 Jan 2022, 08:06 GMT+10
NEW YORK, New York - U.S. stocks moved higher on Wednesday, in line with a global trend.
"The Nasdaq went down and bounced off of the moving 200-day moving average on Monday, and that's kind of been where this rally sort of began," Randy Frederick managing director of trading and derivatives at the Schwab Center for Financial Research told CNBC Wednesday.
The biggest movements however on Wednesday were in the foreign exchange markets where the U.S. dollar crumbled.
The Dow Jones industrials rose 38.30 points or 0.11 percent, to close Wednesday at 36,290.32.
The Nasdaq Composite climbed 34.94 points or 0.23 percent to 15,188.39.
The Standard and Poor's 500 added 13.28 points or 0.28 percent to 4,726.30.
A fall in U.S. Treasury yields prompted by less hawkish comments to Congress from Federal Reserve Chairman Jermone Panel sent the dollar diving on Wednesday.
The euro jumped a full cent to end the day in New York around 1.1440. The British pound jumped to 1.3702. The Japanese yen appreciated to 114.63. The Swiss franc was sharply higher at 0.9142.
The Canadian dollar was in demand at 1.2504. The Australian dollar rallied to 0.7284. The New Zealand dollar cruised higher to 0.6847.
On overseas equity markets, the CASC 40 in Paris, France added 0.75 percent. In London, the FTSE 100 rose 0.81 percent. The Dax index in Germany strengthened by 0.43 percent.
The Hang Seng index in Hong Kong rallied 633.23 points or 2.67 percent to 24,372.33.
The Nikkei 225 in Japan jumped 543.16 points or 1.92 percent, to close Wednesday at 28,765.66.
The Australian All Ordinaries climbed 51.50 points or 0.67 percent to 7,762.20.
China's Shanghai Composite gained 29.99 points or 0.84 percent to 3,597.43..
Get a daily dose of Central Coast News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
LOS ANGELES, California: Since early May, Charlie Hamilton has not irrigated his vineyards with water from the Sacramento River, despite ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
SANTA BARBARA, California - Australian singing sensation and actress Olivia Newtown-John has died at the age of 73."Dame Olivia Newton-John ...
DEATH VALLEY NATIONAL PARK, California: Record rainfall on August 5 caused floods at Death Valley National Park that closed all ...
Lhasa [Tibet], August 11 (ANI): The 14th Dalai Lama's idea of Universal Responsibility is that of a global responsibility that ...
Basketball icon Kobe Bryant and his young daughter died in a helicopter crash in early 2020Vanessa Bryant, the wife of ...