SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets climb as Fed sounds dovish

US markets climb as Fed sounds dovish

10 Apr 2014 Evaluate

The US markets climbed higher on Wednesday, to end with the best gains in more than a month after the minutes of the latest Federal Open Market Committee meeting revealed a more dovish stance than investors expected. Federal Reserve officials had a conference call in early March to discuss overhauling its communication to the market and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated. A summary of the conference was included in the minutes of the Fed’s March 18-19 meeting released by the Fed. The central bankers were clearly worried that changing the forward guidance would impact markets. The minutes of the March 18-19 meeting also reveal that there was concern that the markets would read too much into the dot plot which showed an upward shift in the Fed’s expectations for short-term rates.

On the economy front, US wholesale inventories climbed 0.5% in February, although the increase was smaller than in January. The more modest gain suggests companies did not restock warehouse shelves fast enough to sharply boost first-quarter growth. Wholesale sales advanced 0.7% last month. At February’s sales pace, the inventory-to-sales ratio was unchanged at 1.19 months, the same as in January but up from 1.7 months a year earlier. Inventories of durable goods rose 0.7% in February, while inventories of nondurables edged up 0.1%. In January, the growth in inventories was revised up to 0.8% from 0.6%. Sales fell 1.8% in that month.

The Dow Jones Industrial Average added 181.04 points or 1.11 percent, to 16,437.18, the Nasdaq Composite was up by 70.91 points or 1.72 percent, to 4,183.90, while the S&P 500 gained 20.22 points or 1.09 percent, to close at 1,872.18.

The Indian ADRs closed mostly in green on Wednesday; ICICI Bank was up 1.32%, Tata Motors was up 1.16%, Dr. Reddy’s Lab was up 1.12% and HDFC Bank was up 0.94%. On the other hand, Infosys was down 0.86%.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: