China’s Shanghai Composite index opened down 0.78 percent to 3123.1 on Thursday, bucking the positive sentiment in Asia that’s inspired by the positive lead from Wall Street.
Energy counters led the rise on major U.S. indexes overnight, after global crude oil prices surged 5.7 percent overnight.
The Dow Jones Industrial Average finished 0.8 percent higher, with Chevron leading the index higher. The S&P 500 rose 0.9 percent to break resistance at 1,993, ending within 5 points of the psychologically key 2,000 level. The tech-heavy Nasdaq Composite ended up 0.6 percent.
The Fed’s Federal Open Market Committee (FOMC) could raise short-term interest rates for the first time in nine years at its two-day meeting, which began Wednesday. All eyes are on expected statement and press conference due on Thursday afternoon local time.
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