Folks old enough to remember the comedy group Firesign Theatre might recall the famous, "Department of Redundancy Department," which is applicable to the never-ending, record-breaking after record-breaking stock market.
As Janet Yellen dispatches her final 0.25% rate increase to the federal funds rate, the markets did what they usually (always) do.
At the end of the day, the surprise was that the major indices closed well off the highs of the day, making for an interesting setup for Thursday.
At the Close, Wednesday, December 13, 2017:
Dow: 24,585.43, +80.63 (+0.33%)
NASDAQ: 6,875.80, +13.48 (+0.20%)
S&P 500: 2,662.85, -1.26 (-0.05%)
NYSE Composite: 12,699.54, +1.76 (+0.01%)
Wednesday, December 13, 2017
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