Off the wire
• AIIB to invest in Pakistan's infrastructure development: president-designate  • Xinhua world news summary at 1530 GMT, Oct. 7  • British PM pledges thousands of cheaper homes in London  • 3 Chinese tourists killed in lorry-bus crash in Malaysia  • Roundup: Three scientists share 2015 Nobel Prize in Chemistry  • Hungarian, Croatian presidents not allow refugee crisis to damage relationship  • Kenya enhances malaria response in the wake of El-Nino rains  • World Bank confirms probe into corruption scandal involving Hitachi  • Interview: Kenyan scientists hail Chinese medicine for reducing malaria deaths  • Merkel's chief of staff becomes new asylum coordinator  
You are here: 　 Home

U.S. stocks trade mixed following global rally

Xinhua, October 7, 2015 Adjust font size:

U.S. stocks pared early gains and traded in a narrow range in the morning session Wednesday following a rebound in commodity prices, as global stocks markets were boosted by mining and energy shares.

At midday, the Dow Jones Industrial Average was up 18.17 points, or 0.11 percent, to 16,808.36. The S&P 500 rose 1.87 points, or 0.09 percent, to 1,981.79. The Nasdaq Composite Index edged down 3.16 points, or 0.07 percent, to 4,745.20.

In Asia, Japanese stocks ended the trading higher on the Bank of Japan's decision to maintain its ultra-loose monetary easing policy.

European equities were also up through the session, as shares in energy companies surged over 3 percent.

Meanwhile, Wall Street cheered by continued gains in oil prices. Brent crude and U.S. light crude sharply rose after data showed U.S. rig count continued to drop.

Traders, however, became cautious ahead of the minutes from U.S. Federal Reserve's recent meeting scheduled for release Thursday afternoon. Analysts believed the possibility for the U.S. central bank to raise interest rates this year becomes lower after a poor jobs report.

U.S. stocks closed mixed Tuesday after wavering in a narrow range, as the International Monetary Fund (IMF) lowered its global growth forecast for 2015. Endit