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Barchart
Barchart
Rich Asplund

Stocks Fluctuate After FOMC Decision

Jerome Powell MA Garmin Ltd United States ADP BioTechne CVS CVS Health Corp Starbucks Super Micro Computer

The S&P 500 Index ($SPX) (SPY) is up +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.47%.

The FOMC was released this afternoon. Chairman Jerome Powell announced no change in the 5.25%-5.50% fed funds target range for a sixth straight meeting. Stocks initially rallied after Powell said, “I think it’s unlikely that the next policy rate move will be a hike. I’d say it’s unlikely.”

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