Daily Market Review Dec 17th

The U.S markets rose sharply yesterday backed by Europe 1.6% jump and ahead of the Fed two-day’s meeting that continues to dominate the headlines.

Yesterday positive move came after having posted their worst week since August but with Europe exchanges strong gains following a strong expansion in the euro zone business activity accompanied by a strong manufacturing output in the U.S for a fourth straight month in November, Investors didn’t stay shy and the markets rose sharply.

At the close of U.S session, the Dow Jones Industrial Average rose 0.82%, the S&P 500 index rose 0.63%, while the Nasdaq Composite index rose 0.71%.