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Intraday Update: A 3-Point Gain Is the Best the Dow Can Do With the Fed on Tap

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Intraday Update: A 3-Point Gain Is the Best the Dow Can Do With the Fed on Tap

The Federal Reserve is expected to raise interest rates this afternoon and the Dow Jones Industrial Average is waiting to see what happens before making any sudden moves. In today's Intraday Update, we... •...discuss the implications of the expected rate hike; •...explain why a new wave of deal making may be upon us; •...highlight Netflix's (NFLX) gains on a new Street-high price target. Here Comes the Fed The Federal Reserve is widely expected to boost interest rates when it concludes its meeting this afternoon, and stocks are moving higher ahead of the decision, which is expected to bolster financial shares. The Dow Jones Industrial Average has ticked up 2.93 points to 25,323.66, while the