Dow Tops 10000 Then Retreats On Profit Taking
The Dow briefly surpassed 10,000 for the first time since May 2002 before retreating as investors locked in gains after the Fed left rates unchanged. The Nasdaq and S&P also fell, while analysts noted valuations and projected further market movement amid expectations of a prolonged low-rate environment.
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Dow
New York Stock Exchange
Fed Holds Rate At 45-Year Low As Hints Of Tightening Surface
The Federal Reserve kept the federal funds rate at 1 percent and signaled a longer period of easy money, even as Wall Street trepidation grew over a potential policy shift. The Dow traded around 10,000 briefly, closing down 44 points at 9,923, amid upbeat economic signals and a stronger labor market. The central bank cited brisk growth of 8.2 percent in the July-September quarter and noted the job market improving modestly after months of losses, with about 300,000 jobs added recently.
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Associated Press
Stack Exchange Highlights New 21 Past 52 Weeks
Summary of Stack Exchange update noting a new 21 item list across the previous year and weeklong sequence of events. Mentions overall platform activity and potential shifts in discussion focus with a prefacing day sequence.
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