|Day's Range||6,879.6294 - 6,901.1323|
|52 Week Range||5,371.8901 - 6,914.1899|
Stocks maintain gains following the Fed's rate hike. Yahoo Finance’s Jen Rogers, Andy Serwer, and Rick Newman discuss Janet Yellen’s term.
The Federal Reserve's final meeting of the year should bring a third rate hike of 2017 to markets while it marks the end of an era for Janet Yellen.
The S&P 500 started this week stronger and reached fresh record high levels. On December 12, seven out of the S&P 500's 11 major sectors moved higher.
U.S. stocks rise modestly on Thursday, putting major indexes at or near record levels and the Dow on track for its sixth straight daily advance.
World stock markets were little changed on Thursday after policy meetings from major central banks in Europe, while some U.S. shares were buoyed by news that the Republicans' tax legislation could face final votes in Congress before year-end. Both the European Central Bank and Bank of England left interest rates unchanged, as expected. The ECB promised to hold rates low for an extended period and even maintained a pledge to provide more stimulus if needed.
Oracle Corp. appears to be in a more predictable stage of its cloud transition, but those predictions haven’t lived up to expectations so far.
Wall Street indexes hovered around record levels on Thursday, perked up by the Federal Reserve's upbeat view on the economy and news that the Republicans' tax code overhaul is set to face final votes in Congress before the year-end. The Fed now expects a burst of growth fueled by tax cuts and ultra-low unemployment of below 4 percent in 2018 and 2019, though little movement on inflation. Congressional Republicans reached a deal on final tax legislation on Wednesday that would slash the corporate tax rate to 21 percent.
U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and aided by news that the Republicans' tax code overhaul should face final votes in Congress before the year-end. On Wednesday, Republicans in the Senate and the House reached a deal on final tax legislation that would slash the corporate tax rate to 21 percent. The S&P 500 was up 3.14 points, or 0.12 percent, at 2,665.99 and the Nasdaq Composite was up 9.26 points, or 0.13 percent, at 6,885.06.
Yes, the Federal Open Market Committee (FOMC) did what nearly everyone who pays attention to interest rates expected today: It stepped up the overnight rate that banks charge each other by a quarter-point, ...