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
Dividend logo

This week, investors were greeted with an old foe: the Federal Reserve.

Traders were focused on the latest FOMC meeting and what the central bank would do with benchmark interest rates. Economic data and inflation numbers haven’t been that stellar lately and traders were split on how the Fed would react. There was a sense of relief once Janet Yellen & Company decided to leave rates as is.

With that out of the way, the rest of the week’s data seems to support a bullish prognosis for the economy. Labor, manufacturing and consumer confidence all rose. As did earnings.

With earnings season underway, so far corporate profits have been great, and we’ve seen better revenues from a variety of firms. This is a reverse of what we’ve seen the last few earnings seasons where sales haven’t kept up with profits.

All in all, the Fed, bullish data and better-than-expected earnings continued to prop up the markets throughout the week.

Check out last week’s Market Wrap here.

Monday

Stocks entered the new week on a down note for the third straight day of declines. The culprit was the uncertainty over the Federal Reserve’s actions. Data has remained bullish, but with a large side of caution. As a result, traders were unsure how the Fed would react this week. There certainly was a case for raising or keeping rates the same. And if there’s one thing Wall Street hates, it’s uncertainty. With that, lower share volumes caused most investors to abandon stocks on the day.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Untitled%20design%20%2815%29
News

Do We Still Need Stimulus?

The global credit crisis and worldwide recession was one of the worst economic disasters to...

Premium Untitled%20design%20%2816%29
News

Healthcare REITs’ Prognosis Is Great

For the commercial real estate sector, the last few months haven’t exactly been booming. Thanks...

News

Philip Morris International Inc: Will Smokeless Tobacco Save the Cigarette Industry?

Philip Morris International Inc. (PM ) is a holding company that was originally part of the...