Precious Metals and Stocks Sink After Federal Reserve Statements
On Wednesday, gold (NYSEARCA : GLD) futures for August delivery, the most active contract, increased $7.10 to close at $1,374 per ounce, while silver (NYSEARCA : SLV) futures for July edged 5 cents lower to finish at $21.62. Both precious metals were relatively quiet ahead of the Federal Open Market Committee’s highly-anticipated statement. As expected, the central bank will not dial down its bond-buying programs yet
World Bank Keeping Eye on Fed
LONDON – The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The U.S.
Wall Street Eyes the Fed; Futures Wobble
FOX Business: Capitalism Lives Here All eyes were on the Federal Reserve Wednesday as traders waited for any clues about when the central bank will begin trimming back on its bond purchases.
Stocks Waver; All Eyes on the Fed
FOX Business: Capitalism Lives Here The markets hovered about a tight range Wednesday as traders braced for the Federal Reserve’s policy decision later in the day. Today’s Markets As of 10:32 a.m. ET, the Dow Jones Industrial Average fell 10.9 points, or 0.07%, to 15307, the S&P 500 dipped 1.1 points, or 0.06%, to 1651 and the Nasdaq Composite rose 0.8 point, or 0.03%, to 3483.
European Markets Steady Ahead of Fed
European shares were up by mid-session on Wednesday in light and volatile trade as investors looked to the U.S. Federal Reserve for clues on the duration of its equity-friendly stimulus programme
Mortgage Applications Skid as Interest Rates Jump
NEW YORK – Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. Rates climbed 2 basis points to average 4.17 in the week ended June 14, according to the Mortgage Bankers Association. It was the highest level since March of last year.
More investors hold bullish U.S. bond bets before FOMC: survey
NEW YORK – More investors raised their positions in longer-dated U.S. Treasuries holdings in the latest week in advance of the Federal Reserve’s two-day policy meeting, according to a survey released on Tuesday. A total of 19 percent of its Treasuries clients said on Monday they were “long” in their duration on U.S
Stocks Rally; Fed in Focus
FOX Business: Capitalism Lives Here The markets posted big gains as traders parsed through a handful of economic reports and braced for the Federal Reserve’s latest policy decision. Today’s Markets As of 10:51 a.m. ET, the Dow Jones Industrial Average climbed 98.6 points, or 0.65%, to 15279, the S&P 500 gained 7.9 points, or 0.48%, to 1647 and the Nasdaq Composite rose 22.2 points, or 0.64%, to 3475.
Market Wrap for Tuesday, June 17: Stocks Jump to Start Trading Week; Dow Rallies Triple Digits
The U.S. stock market rose on Monday after a series of volatile moves last week