The following originally appeared on RobertReich.org.
Tag Archives: Fed
The Federal Reserve decision to buy over $500 billion in U.S. Treasury notes is stimulating investment, but not in the United States.
WASHINGTON – American investment markets turned in largely unimpressive results across the board yesterday. Both the NASDAQ (0.28 percent, 6.48 points) and the S&P 500 (0.26 percent, 2.93 points) finished the day with substantial losses. Meanwhile, the Dow Jones had accumulated a meager 0.07 percent (7.41 points) increase at the opening bell.
WASHINGTON – Wall Street finished with mixed results between the three major composites yesterday. The NASDAQ closed up 0.18 percent (4.06 points) on the day. Meanwhile, both the Dow Jones (0.17 percent, 17.64 points) and S&P 500 (0.07 percent, 0.80 points) finished down on the day. The net result was a virtually flat day of trading.
Markets jumped during trading yesterday, largely pushed by the news that the Federal Reserve had opted to maintain interest rate lows and would continue bolstering a pro-investment environment. The S&P 500 led the way yesterday with a 0.78 percent (8.95 points) rise, followed closely by a 0.67 percent (15.80 points) jump on the NASDAQ. The Dow Jones followed a bit further behind, but the larger composite is typically more sluggish on these one-day jumps. It still finished up 0.41 percent (43.83 points) on the day.