VWO - Asia and Europe Markets Gain Gold Surges To Record High Crossing $2200 - Global Markets Today While US Slept | Benzinga
On Wednesday, March 20th, U.S. stock markets closed with gains following the Federal Reserve’s announcement to keep borrowing costs stable while suggesting the possibility of up to three interest rate reductions this year, soothing investor worries.
In economic data, the Fed maintained interest rates at 5.25-5.5% for March, as expected, while indicating forthcoming rate cuts. U.S. crude oil stocks unexpectedly fell by 1.952 million barrels last week, contrary to predictions of a minor rise.
Most S&P 500 sectors gained, led by an increase in consumer discretionary stocks, though healthcare and energy sectors declined, with nine of eleven major sectors advancing.
The Dow Jones Industrial Average gained 1.03% to close at 39,512.13. ...