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|NEW YORK cheap nike air force 1 white , July 29 (Xinhua) -- U.S. stocks continued to rise Wednesday as Wall Street assessed the Federal Reserve's statement released in the afternoon.
The Dow Jones Industrial Average added 121.12 points, or 0.69 percent, to 17,751.39. The S&P 500 gained 15.32 points, or 0.73 percent, to 2,108.57. The Nasdaq Composite Index rose 22.53 points cheap nike air force 1 07 mid , or 0.44 percent, to 5,111.73.
According to the statement, information received since the Federal Open Market Committee (FOMC), the policy-setting arm of the Fed, met in June indicates that economic activity has been expanding moderately in recent months.
To support continued progress toward maximum employment and price stability, the FOMC reaffirmed its view that the current 0 to 14 percent target range for the federal funds rate remains appropriate.
In determining how long to maintain this target range cheap nike air force 1 07 low , the FOMC will assess progress -- both realized and expected -- toward its objectives of maximum employment and 2 percent inflation.
"(The statement showed) that the past 6 weeks data pushed the FOMC a little closer to raising rates, but they are still waiting for more good news before they actually pull the trigger," said Chris Low, chief economist at FTN Financial, in a note.
On the economic front, after five consecutive months of increases, U.S. pending home sales slipped in June but remained near May's level cheap nike air force 1 07 high , which was the highest in more than nine years, according to the National Association of Realtors.
The Pending Home Sales Index fell 1.8 percent to 110.3 in June but is still 8.2 percent above June 2014 reading.
In corporate news, shares of Twitter plunged 14.50 percent to 31.24 dollars apiece Wednesday following the release of its quarterly results, as tepid user growth and ongoing uncertainty about its leadership weighed on investor sentiment.
Twitter, Inc. reported revenue of 502 million U.S. dollars for the second quarter of 2015, up 61 percent year on year. The company had 316 million monthly active users in the second quarter on average, up less than 3 percent from the previous three months.
"Our Q2 results show good progress in monetization cheap nike air force 1 07 , but we are not satisfied with our growth in audience," said Jack Dorsey, interim CEO of Twitter, in a statement.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, decreased 6.99 percent to end at 12.50 Wednesday.
In other markets, oil prices increased as a government report showed U.S. crude stockpiles unexpectedly fell last week.
The West Texas Intermediate for September delivery moved up 81 cents to settle at 48.79 U.S. dollars a barrel on the New York Mercantile Exchange cheap nike lunar force 1 low , while Brent crude for September delivery increased 8 cents to close at 53.38 dollars a barrel on the London ICE Future Exchange.
The U.S. dollar increased against most major currencies as the newly-released Fed statement showed optimism on the country's labor market, bolstering market speculation for an interest-rate hike by the year-end.
In late New York trading, the euro declined to 1.1006 dollars from 1.1048 dollars in the previous session, while the dollar bought 123.94 Japanese yen, higher than 123.61 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange fell as the U.S. dollar showed strength ahead of the press conference about the Fed's interest rates.
The most active gold contract for August delivery lost 3.6 dollars, or 0.33 percent, to settle at 1 cheap nike lunar force 1 high ,092.60 dollars per ounce.
RIO DE JANEIRO, Nov. 3 (Xinhua) -- Medals awarded at the Rio 2016 Olympics will contain metal from recycled electronic equipment, organizers said on Monday.
The initiative, conceived by the local organizing committee's design team, forms part of Rio's Olympic sustainability pledge, according to Rio2016.
Almost 5000 award medals and 75,000 participation medals for the event will be produced by the Brazilian Mint cheap nike lunar force 1 , a public company linked to the federal treasury department.
"The medals are one of the most important symbols of the Games and we are very pleased that we can count on the Brazilian Mint as our partner in this unique moment in the history of the Brazilian sport," said Rio 2016 president Carlos Nuzman.
Brazilian Mint president Francisco Franco said he hoped for a larger-than-ever contingent of Brazilian medal recipients.
"The Olympic and Paralympic Games in Rio de Janeiro is a very special event and we could not stay out of it," Franco said. "We hope most of these medals will be won by Brazilian competitors."
MADRID, March 29 (Xinhua) -- Javier Tebas, the president of the Spanish Football League (LFP), said on Tuesday that he believes Real Madrid will win Saturday's 'Clasico' away to FC Barcelona.
Tebas has never hidden his support for Real Madrid despite presiding over the LFP and speaking on radio station, Onda Cero www.cheapairforce1sshoe.com , he said, he "couldn't be a hypocrite," about the issue.
However, he insisted it did not affect his work. "People should be clear that the colors don't have any influence when I make my decisions. Indeed we have had several issues with Real Madrid this season," he explained.
Tebas says it may not affect his judgement at work, but even though Real Madrid are currently 10 points behind Barca in the race for the Primera Liga title and lost the first meeting between the two sides 4-0 at home, he believes they can cause an upset in the Camp Nou.
"I said I thought Barca would win the first leg cheap nike air force 1 shoes , but I think Real Madrid will cause a surprise in this game," commented Tebas, who nevertheless said "Barcelona's level of football is stratospheric."
The LFP president also spoke about the economic situation in Spanish football: "we are worried about the economic issue, but it should be the Premier League which worries about sporting issues, because we win all of the competitions."
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