Us Stock On Record

[Kizen]

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US stock market raise pushing the Dow J Industrial Average to the eighth record high in two weeks high oil prices motivated the oil producers the estimation of profit made by General Motors Corp Nucor Corp US second largest steel producers played a major role in sending the market to record high. Nucor increased $6.47 or 12 % to $61.58. The company posted record third-quarter profit as dem prices rose. A group of material producers had the second-best performance in the S&P 500. The market's advance was limited as investors waits for tomorrow’s interest-rate decision by the Federal Reserve>>
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Federal Reserve policy makers began a two-day meeting yesterday in which they are expected to leave interest rates unchanged at 5.25 % for the third straight time. Technology shares fell 0.8 % for the biggest decline among 10 industry groups in the S&P 500.>>

[patanx]

U.S. stock futures on Wednesday inched higher with traders waiting for the afternoon's Federal Reserve decision with results General Motors Boeing Co. providing additional comfort on third-quarter earnings season.
S&P 500 futures were steady at 1384.80 Nasdaq 100 futures rose 1.75 points at 1728.00. Dow industrial futures rose 12 points.
On Tuesday the Dow industrials finished 10 points higher to another record close though the Nasdaq Composite ended 10.7 points lower. The S&P 500 ended up 0.4 points to reach its best level since January 2001.
The Fed is due to make its interest rate decision public at 2:15 p.m. Eastern. The Fed is all but certain to hold its key interest rate at 5.25% with the accompanying statement to be eyed for signs on whether the policymakers have grown more hawkish.
Also on the economic docket will be existing-home sales for September which are expected to have slumped to 6.23 million 6.3 million.
The euro edged higher on the dollar after an unexpected rise in a key German business climate poll. The dollar also was softer against the yen.
Crude-oil futures edged 22 cents higher at $59.57 a barrel ahead of weekly energy inventory data. Product stockpiles are expected to fall while crude stocks probably rose.
The pan-European Dow J Stoxx 600 hit a new five-year high while the Nikkei 225 index ended 0.5% lower in Tokyo.