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Stocks Rise With Bonds, Dollar Falls Before Fed: Markets Wrap

(Bloomberg) -- Stocks rose with Treasuries and the dollar slipped on speculation the Federal Reserve will keep its dovish stance to lift the world’s largest economy from a pandemic-induced recession.The S&P 500 climbed for a fourth day, led by energy producers and banks. Tech shares underperformed. The Dow Jones Transportation Average jumped toward an all-time high after FedEx Corp.’s earnings beat estimates on strong e-commerce demand. Homebuilders climbed as a gauge of industry optimism rose to a record in September.Read: Fed to Weigh Near Zero Rates Through 2023: Decision Day GuideFed officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to boost the recovery. They’re expected to project rates staying near zero though 2023, reinforcing the message delivered by Chairman Jerome Powell in late August that they will delay tightening policy. The committee, in its final scheduled meeting before the U.S. election on Nov. 3, will release a statement and economic forecasts at 2 p.m. Washington time. Powell will hold a press briefing 30 minutes later.“The Fed is going to continue to be all in,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. “That kind of confidence helps a great deal. The question is whether they’re going to be sufficiently emphatic about that to satisfy expectations.”The Organisation for Economic Co-operation and Development said the global slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support for some time yet. Speaker Nancy Pelosi rejected calls from some House Democratic moderates to hold a vote on a new, smaller stimulus bill and doubled down on her push to get the White House to agree to a $2.2 trillion package.Every American should be able to obtain a coronavirus vaccine by April, a senior Trump administration official said in an interview. The U.S. is likely to approve one or more vaccines in November or December, though October is possible, Paul Mango, deputy chief of staff for policy at the department of Health and Human Services, said Wednesday.Here are some key events coming up:Bank of Japan, Bank Indonesia and Bank of England policy decisions come Thursday.Friday sees quadruple witching -- the quarterly expiration of futures and options on indexes and stocks -- in U.S. marketsThese are some of the main moves in markets:StocksThe S&P 500 climbed 0.4% as of 11:09 a.m. New York time.The Stoxx Europe 600 Index advanced 0.1%.The MSCI Asia Pacific Index increased 0.6%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.2%.The euro advanced 0.1% to $1.1859.The Japanese yen appreciated 0.5% to 104.93 per dollar.BondsThe yield on 10-year Treasuries decreased two basis points to 0.66%.Germany’s 10-year yield dipped two basis points to -0.50%.Britain’s 10-year yield fell one basis point to 0.205%.CommoditiesThe Bloomberg Commodity Index gained 0.5%.West Texas Intermediate crude advanced 2.7% to $39.33 a barrel.Gold strengthened 0.7% to $1,968.62 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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New Master of Public Health program at Eastern Michigan University will train professionals in areas related to current global health crisis

New Master of Public Health program at Eastern Michigan University will train professionals in areas related to current global health crisisPR NewswireYPSILANTI, Mich. 16, 2020 /PRNewswire/ -- Eastern Michigan University is launching a new graduate academic program that will offer what is so clearly needed during the worldwide health crisis – vitally important public health training for professionals to partner with individuals and communities to prevent disease and injury and promote optimal health for all people.