World Bulletin / News Desk
Wall Street closed higher Wednesday as the Federal Reserve increased interest rates and pointed to strengthening economic conditions.
The Dow added 112 points to finish at 20,950 and the S&P rose 19 points to end the day at 2,385.
The Nasdaq increased 43 points to close at 5,900.
Fed Chair Janet Yellen said the economy is getting closer to the central bank's objectives. ”The simple message is that the economy is doing well,” she said.
Markets had already priced in the Fed's rate hike in recent weeks in anticipation of the rate hike.
After the interest rate increase was announced, the dollar lost some recent gains against major currencies, while oil prices rose around 2 percent to rally the stock market.
At the final bell, American benchmark West Texas Intermediate was trading at $48.83 -- up 2.4 percent. International benchmark Brent crude was at $51.87 -- a 1.9 percent gain.
After a quarter hour of trading, London's blue-chip FTSE 100 index was down 0.1 percent.
The United Arab Emirates' exchanges in Dubai and Abu Dhabi led the dive in liquidity levels, which measure the value of traded shares and are normally a reflection of the health of national economy.
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The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
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Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
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While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69