Stocks Rally In The Aftermath Of The Fed Meeting

Friends

As market participants wait for the results of the vote in Scotland, stocks enjoyed a hearty rally, as the bulls built on the aftermath of the Fed statement yesterday and the better than expected weekly jobless claims number this morning. Tomorrow will bring us the Alibaba IPO, options and futures expirations, and of course the results of the vote in Scotland (assuming it’s not too close to call).

As for today, the Dow Jones Industrial Average was up 109 points to close at 17,266. The S&P 500 was up 9 points to finish the day at 2011. Gold continued to fall with the precious metal down $9 to trade at $1226 per ounce, while oil was down $1.35 to trade at $93.07 per barrel WTI.

It could be an interesting and potentially volatile day of trading tomorrow, and one that is impossible to predict (most of them are). We’ll try to keep track of it all for you and let you know how it all turns out.

Have a nice evening everyone.

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