NEW YORK Devin Shore Stars Jersey , Oct. 9 (Xinhua) -- U.S. stocks opened higher on Friday, as investors continued to digest the minutes the U.S. Federal Reserve' s September meeting released Thursday.
"So, the minutes showed a Fed mired in indecision, erring on the side of dovishness," said Stephen Guilfoyle, managing director at Deep Value, Friday.
According to the minutes, the information reviewed for the Sept. 16-17 meeting suggested that U.S. real gross domestic product (GDP) was expanding at a moderate pace in the third quarter.
Domestic financial conditions, however, tightened modestly as concerns about prospects for global economic growth prompted an increase in financial market volatility and a deterioration in risk sentiment during the period.
"Many (officials) acknowledged that recent global economic and financial developments may have increased the downside risks to economic activity somewhat," the minutes said.x On the economic front, import prices edged down 0.1 percent in September, less than market expectations of 0.5 percent drop. However, export prices declined 0.7 percent, more than the 0.2 percent estimates by analysts.
Shortly after the opening bell, the Dow Jones Industrial Average was up 55.79 points, or 0.33 percent, to 17,106.54. The S&P 500 rose 4.42 points, or 0.22 percent, to 2,017.85. The Nasdaq Composite Index ticked up 2.97 points, or 0.06 percent, to 4,813.75.
U.S. stocks reversed early losses to end higher Thursday, with the Dow Jones Industrial Average on a five-day winning streak for the first time in 2015, as Wall Street assessed the newly-released Fed's minutes.
Lin Dan of China competes during the quarterfinal against Marc Zwiebler of Germany at 2015 Sudirman Cup BWF World Mixed Team Championships in Dongguan, South China's Guangdong province, May 14, 2015. [PhotoXinhua]
DONGGUAN, China, May 14 (Xinhua) -- Favorites China were never in a spot of bother against Germany on Thursday, winning 3-0 without dropping a game and booking a semifinal berth at the Sudirman Cup.
It was the second victory over the same opponents in this tournament for China as the defending champions also whitewashed Germany in their group match.