Stocks Gyrate, Then Spike, as Traders Take In Fed Move

I wondered if the Fed information would have a positive effect on the market. I bet there are some that did not expect the Feds to do that. That move by the Feds may have messed up some further plans to derail this economy. I see a lot of growth for the month of August.  It is amazing how it all starts with HOPE!!!

Stocks pushed broadly higher on Tuesday, ending a volatile trading session in which the market fluctuated widely between gains and losses.

The surge by the end of the day came after the market showed signs of recovery from the worst sell-off on Wall Street in more than two years, even as it wavered throughout the trading session.

The three main indexes, for example, gyrated wildly in the half-hour after a Federal Reserve announcement that included no new steps to pare interest rates further or to foster economic growth, shedding gains, plunging sharply and recovering their losses.

Read more at source


Related Posts Plugin for WordPress, Blogger...