Dow Jones Today, September 17, 2014: The Dow Jones Industrial Average rose Tuesday after investors took a hard look at language used by the U.S. Federal Reserve and expected the central bank to be less hawkish on interest rates in the near term.
Yesterday, the Federal Open Market Committee kicked off a two-day meeting, where the central bank will be under intense scrutiny from investors to determine what action Fed Chairwoman Janet Yellen and her team will take on interest rates in the next nine months.
The trading session saw its strongest gains in the energy sector, fueled by rising oil prices. Brent crude, priced in London, increased 1.4%, while U.S. crude futures in New York were up 2%. Brazilian energy giant Petroleo Brasileiro Petrobras SA (NYSE ADR: PBR) saw shares leap 5.8% on the day.
Here's what else you should know to make your Wednesday profitable:
Full U.S. Economic Calendar September 17, 2014
Now: You might hear the media tout big name tech companies like Facebook (Nasdaq: FB) and Twitter Inc. (NYSE: TWTR), but don't buy into that hype. Often these companies capture the imagination of investors and feed into an "irrational exuberance" that helps overvalue these companies' stocks. Here's how to ignore the media's perceived values of exciting companies and find the true winners...
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