Stocks give up gains in late trading and gold jumps after the Fed leaves rates unchanged. Catch The Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance columnist Rick Newman.
Winners and losers
Stocks swinging lower today include Bob Evans Farms getting fried after weaker than expected guidance; drug maker Perrigo popping then dropping following takeover rumors; and Whole Foods Market tumbling following a Northcoast Research downgrade. You might recall that yesterday the FDA sent Whole Foods a letter warning about 'serious violations' it found inspecting its prepared foods.
Stocks on the move higher today include U.S. Steel following a BofA/Merrill Lynch upgrade; the Global X Pakistan ETF jumping following the MSCI's inclusion of the country as an emerging market; and Twitter taking off following this week's LinkedIn buyout and confirmation that Twitter had invested around $70 million in SoundCloud.
Breaking down the Fed-speak
For more on the Fed's decision today The Final Round spoke to Pedro da Costa, editorial fellow at the Peterson Institute for International Economics from Washington, D.C.
Looking ahead
In the morning we'll get a gauge on inflation with the Consumer Price Index for May. The consensus is for a 0.2% drop month to month in the core reading, which backs out volatile food and energy prices.
We'll also get a read on the jobs sector with initial jobless claims. The Street's looking for around 270,000 new claims for the week.
And tomorrow night in Cleveland, game six of the NBA Finals tips off, where the Golden State Warriors will try again to close out the Cleveland Cavaliers. Pushed to the brink in game five, Cavaliers stars Lebron James and Kyrie Iving both poured in 41 points, the first time in NBA finals' history that two teammates both scored over 40 points in the same game. The Warriors hope to respond with Draymond Green back from suspension.
