Around the World's Markets: New York

Wednesday 28 July 1999 23:02 BST
Comments

WALL STREET breathed a sigh of relief after Alan Greenspan, the Fed chairman, failed to deliver any surprises in his remarks to the US Senate. By midday the Dow Jones index was up 14 points, or 0.14 per cent, at 10.994 having rallied from a fall of 43 points. "He's basically said nothing new. We have a typical Greenspan market," one analyst said.

In other economic news, the Commerce Department reported lower than expected demand for June durable goods.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in