Stock Market Update

Market Snapshot



SP 500	2001.57	+2.59	(0.13%)
10-yr Note	-6/32	2.615

NYSE	Adv 1582	Dec 1502	Vol 653.3 mln
Nasdaq	Adv 1564	Dec 1156	Vol 1.66 bln

Industry Watch

Strong: Financials, Industrials, Materials, Telecom Services

Weak: Consumer Staples, Energy, Health Care, Technology, Utilities

Moving the Market

FOMC announces another $10 billion taper, lowering the pace of asset purchases to $15 billion: 'considerable time' language remains in place

August CPI report (-0.2%; Briefing.com consensus 0.0%) gives Fed room to maintain its policy course

Dow Jones Transportation Average boosted by better than expected results from FedEx (FDX)

Homebuilders outperform following above-consensus results from Lennar (LEN)

Frequent updates that focus on broad U.S. and overseas market activity, key economic releases and stock futures trading that begin prior to U.S. market open and end with a final comment after the close.

Dollar Jumps Following FOMC Directive

17-Sep-14 16:10 ET

Dow +24.88 at 17156.85, Nasdaq +9.43 at 4562.19, S&P +2.59 at 2001.57

[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open ...

Gold and silver dropped to new lows for the day a moment ago

17-Sep-14 15:35 ET

Dow +30.14 at 17162.11, Nasdaq +8.60 at 4561.35, S&P +3.51 at 2002.49

[BRIEFING.COM] Dec gold chopped around near the unchanged level for most of today's pit trade as investors awaited the FOMC policy statement released at 14:00 ET. The yellow metal touched ...

Fed Chair Yellen Taking Questions

17-Sep-14 15:00 ET

Dow +51.73 at 17183.70, Nasdaq +21.27 at 4574.02, S&P +7.19 at 2006.17

[BRIEFING.COM] Recent action saw the S&P 500 (+0.4%) back away from its session high with Fed Chair Yellen now taking questions from the assembled media. During her press ...

Stocks on Highs Ahead of Yellen Press Conference

17-Sep-14 14:30 ET

Dow +52.34 at 17184.31, Nasdaq +23.56 at 4576.31, S&P +8.19 at 2007.17

[BRIEFING.COM] The major averages have alternated between gains and losses in the wake of the recently-released FOMC statement. Currently, the S&P 500 trades higher by 0.4% with the focus shifting ...

Fed Announces $10 bln Taper, Maintains 'Considerable Time' Language

17-Sep-14 14:05 ET

Dow -25.69 at 17106.28, Nasdaq -11.27 at 4541.48, S&P -4.42 at 1994.56

[BRIEFING.COM] The Federal Open Market Committee has just released its latest policy directive, which announced another $10 billion taper, lowering the pace of asset purchases to $15 billion per month. ...