The Dow Jones Industrial Average fell over 50 points in pre-market trading as investors awaited news from today's U.S. Federal Reserve meeting on interest rates. Markets largely ignored this morning's announcement that Americans seeking unemployment benefits came in at 214,000, a figure that was in line with economists' expectations. The Dow Jones surged more than 445 points yesterday after the Democrats secured the U.S. House of Representatives during the midterm elections.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
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