The meeting minutes from the US Federal Reserve showed that most central bank officials back a slowing in the pace of interest rate hikes. Shares of the world's largest farm equipment maker Deere & Co jumped 5.0% to a record high after reporting a higher-than-expected quarterly profit. Shares of Tesla lifted 7.8% after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating. But shares of 3D design software maker Autodesk slipped 5.7% after cutting forecasts...
The meeting minutes from the US Federal Reserve showed that most central bank officials back a slowing in the pace of interest rate hikes. Shares of the world's largest farm equipment maker Deere & Co jumped 5.0% to a record high after reporting a higher-than-expected quarterly profit. Shares of Tesla lifted 7.8% after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating. But shares of 3D design software maker Autodesk slipped 5.7% after cutting forecasts for annual billing and free cash flow. At the close of trade, the Dow Jones index was up by 96 points or 0.3%. The S&P 500 index rose by 0.6% and the Nasdaq index added 111 points or 1.0%.
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