The S&P 500 eked out a 1.5-point gain Monday to strike yet another record high as a fresh round of mergers and acquisitions fueled optimism in the markets.
- S&P 500 Hits New Record High on Fresh Round of Deals
- 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%)
S&P 500: 1,956.99 (+0.77%)
NASDAQ: 4,362.84 (+0.59%)