Thursday, March 16, 2017

Fed Raises Rates, Wall Street Doesn't Blink

As the Federal Reserve raised the federal funds rate to 0.75-1.00% on Wednesday, investors and traders barely took notice of the highly-anticipated move, sending stocks higher on the day and taking a basically taking the day off Thursday. Stocks were flat-lined at the close.

All in seems to be the order of the day, so long as the Fed isn't too interested in raising rates again too soon.

More on this and other important topics in the Money Daily weekend recap, Friday afternoon and Saturday.

For now, we're just happy to have survived the great blizzard of 2017. Lots of snow, lots of wind, not much fun, but, happily, it's over.

At the close, 3.16.17:
Dow: 20,934.55 -15.55 (-0.07%)
NASDAQ: 5,900.76, 0.71 (0.01%)
S&P 500: 2,381.38, -3.88 (-0.16%)
NYSE Composite: 11,600.24, 9.93 (0.09%)

No comments: