Stocks trying to recover from selloff - Yahoo Finance
The big event on Wednesday was the Fed's latest monetary policy statement, that saw the Fed largely keep its statement in tact from the December meeting. Markets were little changed after the Fed, but gave it up into the close as stocks had their second tough day in a row. First, the scoreboard: S&P 500: 2,002.2, -27.4, (-1.4%) Nasdaq: 4,638, -43.5, (-0.9%) And now the, top stories on Wednesday: 1. The Fed will remain patient . In the Fed's latest monetary policy statement the Fed said that it would still be "patient" in looking to raise interest rates, adding that the economy still continues to expand at a "solid pace" as labor market conditions continue to improve.
Stocks trying to recover from selloff - NASDAQ.com
Yahoo is the parent company of Yahoo Finance. Get the Latest Market Data and News with the Yahoo Finance App AT&T ( T ) shares are higher. The wireless carrier posting earnings and revenue that slightly beat estimates as more customers took advantage of mobile deals during the last three months of last year. However, more subscribers switched to other networks at a faster rate. Investors must be hungry for Shake Shack. The New York-based hamburger chain is bumping up its initial public offering that's coming this week. It will now sell more shares and is raising the price range by $3 to $17 to $19 dollars each. Related: Shake Shack is cooking on Wall Street And it's tax season....and so far it's been a taxing one for TurboTax maker Intuit ( INTU ).
Stocks Fluctuate After Seeing Weakness In Early Trading - U.S. Commentary - NASDAQ.com
Chinese Internet giant Alibaba fell 6 percent on weak sales. Price action has been mixed in recent weeks, with few individual groups clearly outperforming on our researchLAB market scanner. Nonetheless, there appears to be strength emerging among oil refiners, wireless-tower stocks, and video-game makers. Commodities are mixed today.
ET. The next two sessions have two other major events, as well: the preliminary estimate for fourth-quarter gross domestic product tomorrow morning and the Institute for Supply Management's manufacturing index Monday. In company-specific news, F rose more than 2 percent after earnings and revenue beat forecasts. HSY fell 3 percent after missing estimates and Facebook is down fractionally despite reporting strong results last night.
Stocks rebound after selloff; Fed policy decision in view - Yahoo News
The major averages have good stock buys had difficulty sustaining any significant moves throughout the trading day. Currently, the major averages are turning in a mixed performance. While the Nasdaq is down 4.90 points or 0.1 percent at 4,633.09, the Dow is up 80.76 points or 0.5 percent at 17,272.13 and the S&P 500 is up 2.53 points or 0.1 percent at 2,004.69. The choppy trading on Wall Street may partly reflect uncertainty about the near-term outlook for the markets following recent volatility.