Browsing: Federal

The S&P 500 Tuesday closed at a new record as US stocks rallied following solid economic data and investor relief over US Federal Reserve policy. The S&P 500 jumped 13.18 (0.70 percent) to 1,885.52, its first record close since March 7. The Dow Jones…

Asian markets rose Friday as bargain-hunters moved in after the previous session’s heavy losses, with investors taking a lead from Wall Street and a positive batch of US data. The dollar held on to its recent gains after the head of the Federal Reserve…

New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused. But she also took a crucial step to reshape how the Fed has…