U.S. stocks up but barely as investors wait on Fed’s decision
Today – Monday December 10th, 2013
- U.S. barely rose today as investors wait upon the Fed’s decision to whether to scale back on its $85 Billion stimulus being pumped into the economy.
- One reason the stocks did rise was due to positive reports from China’s export. China reported a stronger-than-expected exports gain, an increase of 12.7% over October’s 5.6%. This is positive news because due to China’s strong ties with the United States, it shows that China’s economy is expanding and growing because when there’s a stronger than expected exports report it means more jobs at home (China). Due to globalization when China’s economy is growing and expanding it affects US because it brings optimism that the world economy is getting better and thus bringing certainty and alluding more investors to invest.
- Dow Jones Industrial Average was adding 0.06% to 16,029.76 while the S&P 500 was gaining 0.21% to 1808.82. The Nasdaq was 0.14% higher to 4,068.07.
- Tomorrow is a new day as investors try to look for more clues whether the Fed will scale back it’s stimulus.