Share

US stocks up ahead of Fed statement

New York - US stocks opened higher on Wednesday ahead of a Federal Reserve policy statement while microblogging company Twitter and online listings site Yelp plunged on disappointing earnings reports.

Five minutes into trade, the Dow Jones Industrial Average stood at 17 659.53, up 29.26 points.

The broad-based S&P 500 added 0.18% at 2 097.10, while the tech-rich Nasdaq Composite Index gained 0.29% to 5 103.72.

The Fed statement, to be released at 20:00, is not expected to include any major shifts but could give clues on when the US central bank expects to hike interest rates, expected later in 2015.

Twitter sank 9.7% as executives warned of slow user growth, while Yelp dived 27.7% after projecting third-quarter revenues of $139m to $142m, well below analyst expectations of $152.6m.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
-0.8%
Rand - Pound
24.01
-0.5%
Rand - Euro
20.55
-0.4%
Rand - Aus dollar
12.37
-0.1%
Rand - Yen
0.13
-0.8%
Platinum
890.97
-0.7%
Palladium
988.99
-1.3%
Gold
2,196.11
+0.1%
Silver
24.43
-0.9%
Brent Crude
86.09
-0.2%
Top 40
67,857
+0.3%
All Share
74,039
+0.2%
Resource 10
56,172
+0.9%
Industrial 25
103,559
+0.3%
Financial 15
16,472
-0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders