Dow opens positive territory Before the Fed released the minutes of its meeting

[Toxapex]

Dow opens positive territory Before the Fed released the minutes of its June meeting

The Dow Jones Industrial Average opened in positive territory today. Before the release of the minutes of the Federal Reserve's (Fed) monetary policy meeting

As of 8:51 p.m. Thai time, the Dow Jones Industrial Average stood at 34,625.91, up 48.54, or 0.14%.

The Nasdaq index rebounded 0.4% to a record high today. supported by technology stocks

Energy stocks also rallied in response to a rebound in oil prices. The bank's stocks fell against the market. According to the decline in US government bond yields.

Investors are eyeing the release of the Fed's June monetary policy meeting minutes today. to find a signal about the direction of interest rates Including the trend of reducing the amount of bond purchases in accordance with the Fed's quantitative easing (QE) measures.

However, at the meeting held on June 15-16, The Federal Reserve's Monetary Policy Committee (FOMC) voted unanimously to keep the short-term interest rate unchanged at 0.00-0.25 percent and said the Fed would continue to buy at least $120 billion a month in QE bonds.

The FOMC, however, has signaled that a rate hike could happen in 2023, a year earlier than before, and that the Fed will raise interest rates at least twice that year.