Fed keeps interest rates unchanged

World stocks hit new highs, oil soars, Fed moves into focus

World stocks hit new highs, oil soars, Fed moves into focus

The mixed close on Wall Street came following the Federal Reserve's announcement of its latest monetary policy decision, that left interest rates unchanged as widely expected and offered support for the December rate hike that most economists are predicting.

The Fed has raised rates twice this year and now forecasts one more hike by the end of 2017 as part of a tightening cycle that began in late 2015. It jumped over 1 percent to $0.6931 after the country's jobless rate sank more than expected to a nine-year low of 4.6 percent.Bitcoin hit another record high of $6,450, boosted by bets the crypto-currency might enter the financial mainstream after the world's largest derivatives exchange operator said on Tuesday it would launch bitcoin futures.Oil prices extended a rally which began in early October, largely driven by hopes that oil producing countries will agree to extend an output cut at their meeting at the end of this month.Brent futures, the global benchmark for oil prices, were at $61.50 per barrel, up 0.9 percent on the day, having hit fresh two-year highs. "That gave a little boost of confidence to investors". The S&P 500 and the Dow rose 2.2 percent and 4.3 percent, respectively, in October.

Nov 1 (Reuters) - The S&P and the Dow were higher on Wednesday, as energy stocks gained from a jump in oil prices and strong private jobs data pointed to the strength in the labor market, while Apple's 1 percent drop limited gains on the Nasdaq.

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The highest bracket's plan is for individual income of more than $500,000 compared with the current rate of $418,000. Meanwhile, it was looking increasingly likely there would be no changes to 401 (k) plans for middle-class families.

The tech sector, which has led the market's rise this year, closed up 0.1 percent for the fifth straight session. Janet Yellen's four-year term ends in February.

After the market closed, Facebook shares were down 1.7 percent in volatile trading after the social media company's quarterly report.

The White House has said President Donald Trump will announce his Fed pick on Thursday.

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Tyrese Gibson at the Black Girls Rock! Gibson began feuding with Johnson in September when rumors swirled about a Fast & Furious spinoff hitting production before Fast 9 .

"Earnings drive the markets, and they continue to be really good", said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago. Japan's Nikkei rose 0.2 per cent, probing fresh 21-year highs and on track to gain 2.3 per cent in a holiday-shortened week.

With about two-thirds having reported, S&P 500 companies are on track to have earnings growth of 7 percent for the third quarter, up from 5.9 percent growth expected at the start of October, according to Thomson Reuters I/B/E/S. Estee Lauder rose almost 10 percent, US Steel 11 percent and Garmin 5.51 percent. The report will include both public and private-sector employment.

Advancing issues outnumbered declining ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favoured decliners.

Buhari presides over APC stakeholders meeting at the State House
I'm not known to shy away from talking my mind and rebelling if it is necessary, and taking charge of things that I believe are necessary".

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