10/3, 7:39 PM (Source: TeleTrader)
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US continues to soar, Dow skyrockets over 700 pts

Major stock indexes in the United States continued the upward trajectory on Monday, as Dow Jones went over 700 points. The investors proceeded to digest the country's latest economic data and assess the Federal Reserve's next possible monetary policy steps.

Fed's Richmond President Tom Barkin noted that although getting inflation back to the 2% target remains the main aim, the "appropriate path to achieve it" could change depending on the developments in technology.

The Dow Jones shot up 2.52% or 725 points at 1:42 pm ET, while the Nasdaq 100 jumped 2.18% or 238 points at the same time. The S&P 500 surged 2.38% simultaneously. The euro was 0.06% down against the dollar at 1:43 pm ET, selling for 0.97953.

Baha Breaking News (BBN) / AY