Investing
Wednesday Closing Bell: Markets Surge Higher on Fed Announcement
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September 18, 2013: U.S. markets opened mixed Wednesday as investors and traders waited for the afternoon FOMC announcement. When the Fed declined to begin tapering its asset purchases, shares popped and led indexes to finish with solid gains. The DJIA and the S&P 500 indexes both posted new all-time highs following the FOMC announcement.
Asian, European, and Latin American markets closed mostly higher today.
Thursday’s calendar includes a speech by Cleveland Fed President Sandra Pianalto and the following data releases and events (all times Eastern):
Here are the closing bell levels for Wednesday:
Priceline.com Inc. (NASDAQ: PCLN) topped $1,000 a share briefly today before closing at $995.19.
Big Earnings Movers: Adobe Systems Inc. (NASDAQ: ADBE) is up 9.2% at $52.58 on growth in subscriptions to its cloud-based services<<LINK>>. General Mills Inc. (NYSE: GIS) is up 0.7% at $50.14. Manchester United plc (NYSE: MANU) is up 2.1% at $17.47.
Stocks on the Move: Nokia Corp. (NYSE: NOK) is up 7% at $6.71. Barrick Gold Corp. (NYSE: ABX) is up 9.8% at $20.13, likely on expected demand for gold in light of Fed announcement today. Other precious metals gainers include Endeavour Silver Corp. (NYSE: EXK) up 16.9% at $5.04, Harmony Gold Mining Co. Ltd. (NYSE: HMY) up 13.9% at $4.11, and Rubicon Minerals Corp. (NYSEMKT: RBY) up 14% at $1.55.
In all, 265 stocks put up new 52-week highs today, while only 29 stocks posted new lows.
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