Monday October 28th 2013
- Dow Jones industrial average slightly lower after reporting a 35 per cent plunge in profits because of competition from generic drugs.
- S&P 500 gain as expectations were high that the Federal Reserve will keep its stimulus in place when it meets this week.
- Investor expectations that the Fed will keep stimulus measures in place for at least several months because of the 16-day shutdown have propped up prices. Fed policymakers will meet on Tuesday and Wednesday.
Categories: Capital Markets