Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

World's Medical Testing Leader Awarded High Rank in Best Dividend Stocks List

Dividend logo

For investors, this week was about one thing: the Federal Reserve. The central bank’s decision about interest rates was the driving force behind the week’s returns. Traders ebbed and flowed each day based on the data and their feelings about the Fed’s impending decision. In the end, the Fed finally decided to raise rates as expected. This helped to push equity prices higher by week’s end.

Also adding to the end of week optimism was stronger than expected data. Key measures of industrial and consumer health came in much higher than expected. That helped to underscore that the Fed’s decision was potentially correct in raising rates and that economy was indeed expanding again.

Not helping push things higher was the earnings data. The lull between earnings seasons meant there were virtually no stocks reporting this week. However, higher guidance figures in previous weeks also served to support the rate hike.

In the end, the week proved to be all about the Fed and it did not underdeliver.

Check out last week’s Market Wrap here.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 414234568
News

Watch What I Say Before You Buy

For investors, nothing provides more confirmation of their investment thesis than a team of...

News

Johnson & Johnson Increases Dividend by 5%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

Premium Shutterstock 128065730
News

The Market Glance for May 22: Monetary Policy, Economic Data Pack One-Two Punch

With corporate earnings season winding down, investors are shifting their attention back to...