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.
With his tough rhetoric on winning back American jobs, President Trump's elevation to the White House has raised serious fears over a new protectionist era.
Southeast Asia's third-biggest economy expanded 5.6 percent on-year in January-March period, compared with 4.1 percent in the same period last year and 4.5 percent in October-December.
Uber Freight aims to connect truckers with shippers by taking piece of $256B industry
BIST 100 index falls 0.27 percent while US dollar/Turkish lira rate stands at 3.59
The White House, already reeling over a number of controversies, denied that Trump pressured former FBI chief James Comey to stop a probe into ex-national security advisor Michael Flynn over contacts with Russia.
Lloyds bank is back in private hands having reduced the government's stake to zero, resulting in 27.4 billion returning to the taxpayer
BIST 100 index falls 0.26 percent while US dollar/Turkish lira rate stands at 3.54
Stone said in an online post that he will be back at work full time at the San Francisco-based operation in "a couple of weeks," prompting shares to end the New York Stock Exchange trading day up 1.35 percent to $19.49.
The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC -- of which Saudi Arabia is the key player -- and Russia coming to an end in six weeks.
Britain hopes to win a fast-track trade deal with Europe after it negotiates its divorce from the EU but the decision by the European Court of Justice could cripple that plan.
BIST 100 index opens 0.45 percent higher; US dollar/Turkish lira rate stands at around 3.54
Massive job cuts are planned at Ford in the coming days, affecting as many as 20,000 salaried workers.
Crude oil prices gain 2 percent after Saudi Arabia, Russia extend deal