Stock Market Today: Fed Fuels Second Day of Stout Stock Surge | Kiplinger

0 5
Thursday's Wall Street action started right where Wednesday's left off, with investors driving the major stock indexes to another day of broad and sizable advances.At least some of the day's gains were chalked up to the Federal Reserve, which several strategists said yet again threaded the messaging needle with yesterday's announcement."The Fed has done a very good job telegraphing its intentions and the numbers that it is watching to make decisions," says Andy Kapyrin, co-head of investments at wealth management firm RegentAtlantic, adding that yesterday's statement "leaves little room for big surprises down the line."Also encouraging was a new development for Chinese developer Evergrande (EGRNY, -13.1%), whose liquidity issues have sent shock waves well beyond China.Anu Gaggar, global investment strategist for Commonwealth Financial Network, explains: "Evergrande has been instructed by the Chinese government to not default on the interest payments on the USD-denominated b
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month