Stocks jump higher today led by an energy sector boosted by oil. But all eyes are on the Fed ahead of the biggest rate decision in years. How are you positioning yourself ahead of the news?
Winners and losers
Let's take a look at some of today's bigger winners and losers. Among the stocks dipping into the red were Twitter, Deere, and 3M—the Dow component sliding after it slashed its outlook for the full-year, blaming slow global growth. Shares of 3M are down 9% percent this year.
Stocks climbing higher today were Boeing, Valeant, and Lumber Liquidators—the beleaguered wood flooring maker jumping after hedge fund manager and short seller Whitney Tilson said he stopped betting against the company. Lumber Liquidators shares had been chopped by more than half after “60 Minutes” reported that its hardwood flooring from China contains unsafe levels of formaldehyde.
Virgin America’s big move
Believe it or not, Virgin America -the flashy airline founded by visionary entrepreneur Richard Branson, has now been around for nearly 8 years. The growth has been steady, with an IPO little over a year ago, but the airline is ramping up—quickly.
Looking Ahead
The Fed has awakened, but how will the markets react? We'll have that announcement LIVE at 2 p.m. ET tomorrow, with full coverage of the decision, as well as Janet Yellen's live press conference.
FedEx will give us an update on the holiday shipping boom this season, as the company will release quarterly earnings after the bell tomorrow.
Elon Musk's SpaceX will conduct a "static fire test" of its Falcon 9 rocket tomorrow. If all goes well, the rocket will launch into space this Saturday for the first time since a catastrophic failure led to a Falcon 9 exploding on its way to the ISS earlier this year.
