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Thursday 5 January 2017

Growth in US stock markets after the minutes of the Federal Reserve

From the Fed protocol it became clear that the first increase in interest rates in a year was approved mostly because of market reaction after the presidential election and the expectations for an aggressive fiscal policy.
On Wednesday, the major indexes closed session overseas on green territory after minutes of the Fed was released. Although the name of the president-elect is not mentioned in the transcript, the impact of the vote on the markets and the economy seems to have been discussed.
Dow Jones Industrial Average rose by +0.30% closing at 19942.16. Broad S&P 500 rose by +0.57%, closing the session at 2270.75 points.
The technological Nasdaq added +0.88% and closed at 5477.07 points.

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