Dow futures rose 200 points after the 30-stock average and the S&P 500 broke four-session losing streaks.
that it had no immediate intentions of removing U.S. monetary stimulus policies. Wednesday's gains put a dent in Monday's plunge and the slide in September, which historically has been a rough month on Wall Street. The Dow was off nearly 4% from last month's record close. The S&P 500 and Nasdaq were off about 3% from their latest record closes earlier this month.
is expected to show a decline to near Covid pandemic lows. First-time filings for unemployment benefits for the week ended Sept. 18 are seen coming in at 320,000 compared to the prior week's 332,000. After its two-day September meeting, the Fed on Wednesday provided its quarterly economic projections. Officials see the nation's unemployment rate falling to 4.8% this year from the current 5.2%. However, the June estimate was for a year-end rate of 4.5%.The Marriner S.
said during his post-meeting news conference that if the recovery remains on track, "a gradual tapering process that concludes around the middle of next year is likely to be appropriate."A nurse reaches for a vial of Pfizer-BioNTech Covid-19 vaccine at a pop up vaccine clinic in the Arleta neighborhood of Los Angeles, California, August 23, 2021.
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