FYI: U.S. stocks extended their rebound Wednesday, heading for their highest close since early December, after the Federal Reserve left interest rates unchanged and signaled further increases are on hold.
The Dow Jones Industrial Average rose 434 points, or 1.77%, to 25014. The S&P 500 added 1.56%. Both gauges have wobbled lately but are up about 7% in January. The tech-heavy Nasdaq Composite rose 2.2%.
Cautious comments from the Fed about its pace of rate increases have fueled this month’s rebound, after some investors had feared tighter financial conditions would crimp economic activity entering the year. Reassuring signals about flexibility regarding the central bank’s balance-sheet runoff have also lifted markets.
Wednesday’s decision put an end to the runoff closer into view and dropped explicit references to rate increases, an encouraging development for analysts anxious about Fed policy.
All eleven of the S&P 500 Sectors, led by Technology, Consumer Discretionary, and Industrials had a positive day..
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-waver-ahead-of-the-fed-11548839844?mod=hp_lead_pos1Bloomberg Evening Briefing:
https://www.investors.com/market-trend/stock-market-today/dow-pounds-bears-fang-stocks-blt-stocks/Bloomberg:
https://www.bloomberg.com/news/articles/2019-01-29/asian-stocks-set-for-mixed-start-pound-declines-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/us-stocks-point-to-gains-following-apples-results-and-as-a-fed-policy-update-looms-2019-01-30/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-pounds-bears-fang-stocks-blt-stocks/Reuters:
https://www.reuters.com/article/us-usa-stocks/apple-boeing-lift-wall-street-ahead-of-fed-decision-idUSKCN1PO1JYCNBC:
https://www.cnbc.com/2019/01/30/stock-market-wall-street-focus-on-fed-rate-decision.htmlU.K.:
https://www.marketwatch.com/story/london-stocks-climb-along-with-sterling-after-brexit-vote-2019-01-30/printEurope:
https://www.marketwatch.com/story/european-markets-tick-up-as-investors-await-trade-talks-2019-01-30/printAsia:
https://www.marketwatch.com/story/asian-markets-mostly-higher-ahead-of-fed-meeting-latest-trade-talks-2019-01-29/printBonds:
https://www.cnbc.com/2019/01/30/bond-fed-rate-decision-ahead.htmlCurrencies:
https://www.cnbc.com/2019/01/30/forex-markets-british-pound-brexit-dollar-the-fed-in-focus.htmlOil:
https://www.cnbc.com/2019/01/30/oil-markets-global-economy-venezuela-in-focus.htmlGold
https://www.cnbc.com/2019/01/30/gold-markets-us-china-trade-the-fed-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
