Stock market news, July 30, 2014: U.S. markets failed to rally this morning despite news that the economy grew by 4% in the second quarter and ADP reported that private-sector employers added 218,000 jobs in July.
The markets remained mixed until the afternoon, awaiting announcement from the conclusion of the two-day FOMC meeting. The Dow Jones lost more than 40 points after the Fed said it would cut bond purchases again, but offered little insight into future rate hikes.
Now, here are the top stock market news stories from today...
FOMC Meeting: Fed Keeps Same Narrative, Taper Proceeds – but Markets Move
The U.S. Federal Reserve stuck to its usual script today after the Federal Open Market Committee (FOMC) meeting. The Fed announced the expected $10 billion cut to its almost two-year-old bond-buying program and reaffirmed its intention to keep interest rates low for a "considerable" period of time.And yet the markets reacted to this "non-news" as if it were a surprise...
Fed Taper Will Highlight Today's Uneventful FOMC Meeting
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting will end today (Wednesday) with a statement release at 2 p.m. EDT, though it's not likely that the markets will be spooked by what has become a very predictable central bank.Here’s what we can expect from today’s Fed meeting…
Dow Jones Futures Slip 142 Points; U.S. Markets Brace for Fat Losses Today
U.S. markets today, July 10, 2014: Dow Jones futures today (Thursday) were down 142 points, S&P 500 futures slipped 16 points, and Nasdaq 100 futures fell 35 points as of 8:30 a.m. EDT.
European and Portuguese losses are dragging U.S. markets. Additional downward pressure comes from a delayed negative reaction to Federal Open Market Committee (FOMC) meeting minutes released Wednesday, which revealed Fed plans to end its bond-buying program in October.Here's a roundup of the top stories affecting the stock market today...
Silver Prices Today Ride FOMC Minutes to Slight Gains
Silver prices began to flounder this week coming off impressive gains in the previous month, but the U.S. Federal Reserve provided a quick spark in afternoon trading Wednesday.Here are the details...
Stock Market News: Dow Jones Jumps on FOMC Minutes, Plus These Top Stories
Stock market news today, July 9, 2014: The Dow Jones Industrial Average jumped more than 70 points on Wednesday following the release of minutes from the Federal Open Market Committee's June meeting and a strong second quarter report from aluminum giant Alcoa Inc. (NYSE: AA) to kick off earnings season.
According to S&P Capital IQ, analysts expect Q2 earnings from S&P 500 companies to grow by more than 6%. That's a strong gain from Q1's 3.4% in growth earnings.Here's the scorecard from today's trading session, and a roundup of the top stories in the stock market today...
FOMC Meeting Minutes Reveal End Date on Quantitative Easing
The minutes from last month's FOMC meeting show that the Fed expects to end its bond-buying program by October. Just a few months ago the Fed said it could start raising interest rates six months after QE ended.But that's not what the FOMC minutes are telling us...
Don't Expect Too Much from the FOMC Meeting Minutes Today
Markets shouldn't be too surprised when the minutes of last month's Federal Open Market Committee (FOMC) meeting are released this afternoon, unless there is some change in the U.S. Federal Reserve's tune on interest rates or tapering.Here are the only things to watch for that could have an effect on markets today.
U.S. Markets Today Rise After FOMC; BBRY Stock Gets a Bump
U.S. markets today (Wednesday) rose sharply after the conclusion of the Federal Open Market Committee's (FOMC) June meeting. As expected, the Fed announced it would taper another $10 billion from its monthly bond-purchasing program and that interest rates would remain low in order to incentivize job development and economic growth.
Here's the scorecard from today's trading session:
DOW: 16,906.62 (+0.58%)And here are the top stories that affected the U.S. markets today...
S&P 500: 1,956.99 (+0.77%)
NASDAQ: 4,362.84 (+0.59%)
FOMC Meeting Today: Lower Growth, Higher Rates
The two-day Federal Open Market Committee meeting wrapped up today (Wednesday) with the U.S. Federal Reserve revising down its previously more optimistic economic growth forecasts, and reinforcing expectations that interest rates will climb faster than what was previously anticipated.Here are the details.
AMZN, BBRY, FDX Among Hot Stocks on the Move Today
Today's hot stocks: While the FOMC meeting took center stage on Wall Street today, a number of stocks moved on earnings, company developments, and analysts' actions.
Featured on Wednesday's hot stocks to watch list is an economic bellwether hitting an all-time high, a biopharmaceutical company surging on a promising treatment for lung infections, and a biopharma skyrocketing in its IPO.Check out 12 of Wednesday's movers - including AMZN, BBRY, and FDX - and find out what's behind their action...
The Tone of Today's FOMC Meeting Matters for Gold and Silver
Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.
Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.Now an FOMC meeting can be a strong headwind for gold and silver...
FOMC Meeting, AMZN, and Oil Lead the Busiest Financial News Day in Months
Top financial news today, June 18, 2014: The Dow Jones Industrial Average rose marginally on Tuesday despite a swath of disappointing data, including higher inflation and poor housing numbers. Wednesday is gearing up to be one of the busiest news days in recent months for the financial markets.Here's the financial news you need to know to make today profitable:
FOMC Meeting: Watch for "Half-Baked Data" Supporting Lower Rates
The U.S. Federal Reserve will convene its two-day Federal Open Market Committee (FOMC) meeting today (Tuesday), its fourth of the year and the third with Fed Chairwoman Janet Yellen in charge.
The FOMC is expected to announce a further reduction in the Fed's ongoing asset-buying program, but the real question is where short-term interest rates are headed.Here's what to expect...
Janet Yellen's Speech on Monetary Policy: Three Big Questions Answered
Janet Yellen gave her first speech on monetary policy today (Wednesday) since assuming her position as chair of the U.S. Federal Reserve on Feb. 3, 2014.
While cautioning that the economy still needs the central bank's support, Yellen stated that the nation's economic recovery will be nearing completion within two years.Get the full text of Janet Yellen's speech here.
The Dow Jones Industrial Average Ends Week on a Bullish Note
At the closing bell, the Dow Jones Industrial Average declined slightly by 0.19% to close at 16,300.45; for the week ending today (Friday), March 21, 2014, the Dow gained 1.45%, or 232.83 points.
The S&P 500 hit an intraday all-time high before falling to close down 0.29% at 1,866.60. The Nasdaq fell 0.98% to finish at 4,276.79. Silver prices recovered after a tough response from the Federal Open Market Committee (FOMC) meeting on Wednesday.
Here's a recap of today's top stock market news.To continue reading, please click here...