The Federal Reserve today said it is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation. But it also suggested the possibility of a rate hike as early as December. This tidbit of news took a promising rally of about 100 points…Read more
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The Dow fell 41 points today closing at 17,541 on heavy volume as traders eyeball the Federal Reserve open market committee meeting taking place today and tomorrow. It is expected that interest rates will be kept steady. Oil prices continue to pull back as fears of oversupply continue to mount even in the face of…Read more
The Dow pulled back from last week’s rally falling 23 points on very light trading volume to close it 17,623. The NASDAQ edged higher thanks to continued strength in tech. Housing markets hit a bump in the latest report with sales of new homes running at an annual rate of 468,000 in Sept., missing forecasts…Read more
Its breakfast in America! Stocks posted strong gains as economic news and a batch of fresh earnings reports cheered investors. The Dow was up 320 points on heavy volume to close at 17,489. McDonalds posted stronger than expected sales and earnings as the rollout of the 24/7 all-day breakfast seems to be working. Overall sales…Read more
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