A taper fake out set the stage for a historic opening bell on Thursday morning after the Federal Reserve delivered a stunner on Wall Street, announcing that quantitative easing measures totaling $85 billion in monthly asset purchases will remain in place. The unexpected decision sent the Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) to close at fresh record highs on Wednesday, and the Nasdaq (^IXIC) closed at a 13-year high.
Stocks are flat in early trading today, while gold prices are soaring over 4% and the U.S. 10-Year Treasury yield is up to 2.74%.
- Budget, Tax & Economy
- Federal Reserve
- quantitative easing
- Dow Jones Industrial Average