US stocks trading higher ahead of Fed minutes
Source: By ALEX VEIGA
Major U.S. stock indexes rebounded in morning trading Wednesday as investors monitored the latest batch of corporate earnings and awaited minutes from the Federal Reserve's policy meeting last month. Tiffany & Co. jumped after the upscale jewelry chain reported strong quarterly results.
KEEPING SCORE: The Standard & Poor's 500 index gained 13 points, or 0.7 percent, to 1,885 as of 11:14 a.m. Eastern Time. The Dow Jones industrial average rose 154 points, or 0.9 percent, to 16,528. The Nasdaq composite added 30 points, or 0.8 percent, to 4,127.
FED WATCH: The Federal Reserve was set to release the minutes of last month's meeting of its policymaking committee. Following the April 29-30 meeting, the central bank said it would further cut its bond purchases, noting that the U.S. job market needed less help. Traders will be watching for clues about how quickly the central bank plans to reduce its economic stimulus.
JEWEL IN THE CROWN: Tiffany jumped $8.19, or 9.3 percent, to $96.43 after the company said that its earnings spiked 50 percent in the first quarter as worldwide sales jumped by double digits and the company raised its prices. The results beat analysts' expectations and the jeweler raised its earnings forecast for the year.
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Read more: http://apnews.excite.com/article/20140521/us-wall-street-b8f885fa5a.html
FILE - This file photo made April 22, 2010 shows a Wall Street sign in front of the New York Stock Exchange. U.S. stock futures rose on Wednesday, May 21, 2014, as investors await the minutes from the Federal Reserve's most recent meeting in April. (AP Photo/Mark Lennihan, File)
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Four years after the end of the Great Recession, the United States economy is still struggling to get back on its feet. The Bureau of Economic Analysis has released its new real gross domestic product growth estimates. In the second quarter of 2013, the US economy grew at 1.7 per cent and its first quarter growth was revised down to 1.1 per cent from the 1.8 per cent June estimates.
http://www.classwarfareexists.com/the-republican-congress-is-killing-the-economic-recovery/
The Republican Congress is Killing the Economic Recovery
http://www.classwarfareexists.com/the-republican-congress-is-killing-the-economic-recovery/
GOP Game Plan, Screw it up and blame others, over and over................. or Screw it up and Privatize.
