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Stock impact report

Market Snapshot: Dow books 240-point gain as bond-market recession signal flashes after Fed minutes [MarketWatch]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: MarketWatch
Dow books 240-point gain as bond-market recession signal flashes after Fed minutes Stocks finished firmly higher Wednesday after minutes from Federal Reserve’s July 30-31 meeting offered few surprises and suggested that the central bank wanted to remain flexible in implementing policy changes. The Dow Jones Industrial Average DJIA, +0.93% rose 240.29 points, or 0.9%, to 26,202.73, the S&P 500 index SPX, +0.82% climbed 23.92 points, or 0.8%, to 2,924.43, while the Nasdaq Composite Index COMP, +0.90% climbed 71.65 points, or 0.9%, to 8,020.21. Read: Stock-market investors rattled by bond market’s ‘warning shot’—here’s what’s next The minutes of the Fed’s July meeting showed policy makers believed that “it was important to maintain optionality in setting policy.” The rate-setting Federal Open Market Committee voted 8 to 2 to lower its target for short-term interest rates by 25 basis points to 2%-2.25%, marking its first such rate reduction in more than a decade. Most Fed memb Show less Read more
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