Economics
U.S. Stocks Rise With Dollar on Fed Economy Views: Markets Wrap
- Nickel drives gains in metals on demand for electric cars
- Small caps fall on report tax specifics may be further delayed
U.S. Companies Add 235,000 Jobs in Oct. ADP Report
This article is for subscribers only.
Most U.S. stocks advanced and the dollar rose after the Federal Reserve acknowledged economic growth is solid. Small caps fell as the prospects for tax reform remained uncertain amid political wrangling in Congress.
The S&P 500 Index edged higher after the Fed reinforced expectations for a December rate increase by subtly upgrading its assessment of the economy. Treasuries maintained their advance, while the dollar budged little after the Wall Street Journal reported President Donald Trump has selected Federal Reserve Governor Jerome Powell to lead the Fed.