U.S. stocks rise as the Federal Reserve decided to keep monthly stimulus into economy going

S&P 500 Climbs as Fed Refrains From Reducing Stimulus


Today – Wednesday 18th September 2013

  • U.S. stocks climbed to record highs after the Federal Reserve decided after todays meeting that it will continue it’s monthly $85 Billion stimulus into the economy. The reason for this is because the Committee of the Federal Reserve believes that the economy as of right now isn’t strong enough to stand on it’s own. Thus the Committee needs more evidence to see if the economy really improved and has the ability to stand on it’s own.
  • U.S. stocks volume surged after the Fed’s announcement. About 552 million shares traded on all exchanges in the 10 minutes after 2 p.m., compared with 113 million in the preceding 10 minutes, according to data compiled by Bloomberg.
  • The Dow Jones industrial average (^DJI) was up 146.44 points, or 0.94 percent, at 15,676.17, according to the latest data. The Standard & Poor’s 500 Index (^GSPC) was up 20.67 points, or 1.21 percent, at 1,725.43. The Nasdaq Composite Index (^IXIC) was up 37.94 points, or 1.01 percent, at 3,783.64.

Categories: Equity Capital Markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: