The blue-chip index is up 379 points at midday
| |  9/22/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Eyes Best Day Since July Before Fed Update | By: Lillian Currens | | The Dow Jones Industrial Average (DJI) is making an impressive comeback at midday, as investors eye the conclusion of this week's Federal Reserve meeting. The blue-chip index was last seen up 379 points, vying for its biggest daily jump since July 20. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sporting sizable gains. Wall Street is gearing up for updates from Federal Reserve Chairman Jerome Powell this afternoon regarding the potential tapering of the central bank's $120 billion emergency bond-buying program, though many think the uncertainty surrounding the economy may keep markets volatile. Reassuring news from China Evergrande Group boosted commodity-linked equities, though, after the real estate name promised timely interest payments on a mainland-traded bond. Continue reading for more on today's market, including: - Why one analyst isn't sweating the Disney pullback.
- Behind this hotel giant's million-dollar equity offering.
- Plus, Google deal sends MRIN soaring; analysts blast INNV after earnings miss; and options traders target MNTS.
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