economic growth – Page 6 – One America News Network

Wall St gains from megacaps thrust; earnings, Fed comments on tap

Wall Street’s main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.

The U.S. Federal Reserve will cut its key interest rate in June, according to a stronger majority of economists in the latest Reuters poll.

U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low.

The U.S. economy grew faster than expected in the fourth quarter and shrugged off dire predictions of a recession.

U.S. employers hired more workers than expected in December while raising wages at a solid clip.

Oil prices fell by 2.5% as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand.