Lucas Jackson / Reuters
U.S. stocks rose Wednesday after the Fed announced it would provide continued stimulus to the economy amid the pandemic recession.
The Federal Reserve kept interest rates close to 0 on Wednesday and reiterated that it would do all it could for the U.S. economic recovery from the pandemic recession. On Tuesday, the central bank announced that it would expand its emergency finishing systems until the end of the year.
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The effect season continued. AMD shares rose Wednesday after better-than-expected effects were released on Tuesday. Starbucks rose after its chief executive, Kevin Johnson, said sales at the same stores for open venues changed in July, a sign of a recovery of the lockouts related to the pandemic.
General Motors and Boeing also became complicated after reporting quarterly effects wednesday before the opening bell. Tesla’s stock gained about 3% after Morgan Stanley raised its value target for the time being this month.
Investors will be waiting for additional reports on the expected effects this week. Apple, Amazon and Alphabet are expected to have quarterly effects on Thursday, providing more data on how corporations have behaved amid the coronavirus pandemic, upcoming blockages, and a recent build-up of new COVID-19 cases.
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