S&P 500 jumps the most in nearly two years

first_img Share S&P 500 jumps the most in nearly two years whatsapp Jessica Morris More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com Tags: Standard & Poor’scenter_img whatsapp Show Comments ▼ Thursday 18 December 2014 4:45 pm The S&P 500 jumped the most in nearly two years posting gains of nearly two per cent, after the federal reserve’s pledge for “patience” with future rate hikes sparked a global market rally.It surged 2.4 per cent to 2,061.23 which is it’s best daily performance since January last year. The Dow Jones Industrial Average was up 2.4 per cent to 17,778.15 which was its biggest daily rise since late 2011.Last night Fed chair Janet Yellen and co. ditched their “considerable time” approach to raising interest rates in favour of “patience” in normalising policy, but later told investors a rate hike wasn’t on the way anytime soon.Despite a worsening global economic outlook Yellen assured markets that the US economy was on track to deliver solid growth in the future.She also said it wasn’t a major concern that some banks may be leveraged and exposed to oil price moves. US and Brent oil have tanked around 50 per cent since June.Yesterday the S&P 500 scored its best result since October 2013 gaining 2.04 per cent to 2,012.89. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorylast_img read more

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