American shares strengthen due to results season and Fed decision

USA, flag

While majority of world stock exchanges search for a clear direction after sales and escalating coronavirus epidemic threat, the US seem to be recovering

On Wednesday investors reacted positively to published 2019 financial results of companies. The results were better than expected, and especially in case of blue-chips. Apple and McDonald´s are some of the companies that enabled Dow Jones index growth.

American shares growth was supported by Fed decision on keeping interest rates unchanged. The decision met market expectations and thus was positively accepted. According to Fed Chairman Jerome Powell, there was no need for change in monetary policy as American economy shows good results and currently needs no intervention.


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