Dow rises over 400 pts with Fed meeting in focus

Wednesday, 22. September 2021 17:42

Major stock markets in the United States extended gains during Wednesday's trading sessions as investors centered their focus on the forthcoming meeting of the Federal Open Market Committee (FOMC). The Federal Reserve will also announce its latest decision on interest rates.

In the meantime, Robinhood Inc. confirmed it will be launching its own cryptocurrency wallet. Meanwhile, Ford Motor Co. and Redwood Materials announced their collaboration on developing a recycling supply chain for batteries for electric vehicles (EV).

The Dow Jones Industrial Average gained 1.28% or 433 points at 11:40 am ET. At the same time, the Nasdaq 100 grew by 1.05% and the S&P 500 increased by 1.14%. The euro advanced by 0.10% against the dollar at 11:45 am ET to go for $1.17377.

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Breaking the News / JR