World Week Ahead Optimism for equities

Sun, 22 Dec 2013

Dec. 23 (BusinessDesk) –The optimism triggered by the US Federal Reserve’s decision to begin tapering its bond-buying program next month as the world’s biggest economic recovery gathers speed appears likely to extend into this Christmas-holiday shortened week. In the previous five sessions, the Dow Jones Industrial Average jumped 3 percent, the Standard & Poor’s 500 Index rallied 2.4 percent and the Nasdaq Composite Index advanced 2.6 percent. Both the Dow and the S&P 500 closed at record highs on Friday, also helped by the latest upward r...

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