Markets
Here are today’s market moves:
What Happened?
U.S. stock indexes were mixed on Wednesday after the Fed said it would keep interest rates near zero and retain its range of tools to support the economic recovery.
The central bank said the economy has made progress toward its employment and inflation goals, and hinted that it was getting closer to winding down its $120 billion in monthly asset purchases.
Stocks are still hovering near all-time highs, with the major U.S. indexes having closed at records on Monday.
Small pullbacks in this type of environment are normal and healthy.
Companies are crushing earnings. Of the 200 companies in the S&P 500 that reported earnings so far, around 90% beat expectations.
The crypto market gained on Wednesday, with Bitcoin finishing the day above $40k for the first time since June 15, as sentiment improved and short sellers continued to close their positions.
What Else?
This Week
Monday: Earnings expected from Tesla.
Tuesday: Earnings expected from Apple, Microsoft, Google, and Starbucks.
Wednesday: Earnings expected from Facebook, Paypal, Spotify, and McDonalds.
Thursday: Earnings expected from Amazon, Mastercard and T-Mobile.
Friday: Earnings expected fromP&G, Exxon, and Chevron.