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Stocks rally stalls late after Fed statement

New York City : NY : USA | about 1 month ago  
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Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent. The Dow climbed as high as 9,928.04, while the S&P 500 hit an intraday high at 1,061.00 and the Nasdaq touched 2,081.00. But the market was unable to hold those gains as it succumbed to selling pressure in the last half-hour...
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  • News Source: Newstalk ZB | about 1 month ago
    To the markets where the NZX50 is up 11 points to 3177. ANZ up 29c to $28.70, Auckland International Airport up 2c to $1.99, Fisher & Paykel Appliances up 2c to 64c, Fletcher Building up 6c to $8.05, Guinness Peat Group up 1c to 84c, Infratil up 2c...
  • News Source: International Business Times | about 1 month ago
    Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent. The Dow climbed as high as 9,928.04, while the S&P 500 hit an intraday high at 1,061.00 and the Nasdaq touched 2,081.00. But the market was unable to hold those...
  • News Source: International Business Times | about 1 month ago
    Stocks resumed their climb back toward session highs on Wednesday after the Federal Reserve held its stance to keep borrowing costs near zero for "an extended period" even though it expressed confidence the U.S. economic recovery was gaining steam.
  • News Source: The Age | about 1 month ago
    Gains were broad-based, with the healthcare sector jumping on hopes the Obama administration's healthcare reforms may be delayed after Republicans scored some key election victories. All eyes will be on the statement from the Federal Open Market...
  • News Source: International Business Times | about 1 month ago
    U.S. stocks rose broadly on Wednesday on positive economic data and ahead of a Federal Reserve statement on interest rates and the economy that is expected to keep government support in place. Data showed the services sector grew in October for a...
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