The statements of the Fed brought Wall Street strong gains

Relief over the statements of the US Federal Reserve from the previous day brought Wall Street strong gains on Thursday. The Dow Jones index rose 1.5 percent, the S&P and the Nasdaq composite gained 1.2 and 1.0 percent. The number of course winners with 2,150 (Wednesday: 2,679) again clearly exceeded that of course losers, which was given as 1,161 (673). 107 (101) titles went unchanged from the market. The impending collapse of the Chinese real estate giant Evergrande lost its horror, even if it was reported from circles that China's authorities had urged local governments to prepare for the possible collapse of the China Evergrande Group. Local governments should cushion the consequences. On the previous day, Wall Street posted its biggest daily gain since July in the wake of statements by the Fed. Following its interest rate meeting, the US Federal Reserve signaled that it would gradually reduce its bond purchases from November ("tapering") and raise interest rates in the coming year. However, it has not submitted a resolution or a timetable for this. In doing so, she has kept all options open to act flexibly. "The Fed statement is well received on the stock exchanges," says market strategist Thomas Altmann from QC Partners. According to Altmann, tightening of US monetary policy can thus be postponed if necessary. New economic data signaled that such a need could exist. In the past week, more Americans filed for first-time unemployment benefits than expected. In addition, activity in the US economy slowed in September compared to the previous month, as the IHS Markit purchasing managers' indices for the manufacturing and service sectors showed. The indices were below expectations, but still in the expansive range.