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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:00 EDTDecember ADP Employment Report to be released at 08:15
News For NOSYMBOL From The Last 14 Days
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June 19, 2013
14:24 EDTFed lowers 2013 unemployment outlook to 7.2%-7.3% from 7.3%-7.5%
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14:23 EDTFed chnages 2013 GDP outlook to 2.3%-2.6% from 2.3%-2.8%
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14:20 EDTFOMC takeaway: the diminishing downside risks noted in the statement suggests a reduction in QE purchases
FOMC takeaway: the diminishing downside risks noted in the statement suggests a reduction in QE purchases is a real potential over the second half of the year. That has weighed on stocks and bonds, and given the dollar a boost, as one would have expected. Major wildcards to a pullback in QE as soon as the September FOMC meeting (analysts still believe it will be at a meeting with a press conference) including potentially negative effects, especially on jobs, from sequestration, as well as from further weakness in prices. There are also some concerns over the effects of rising rates on the economy. Net-net, Fed policy will continue to be a work in progress and dependent on the data.
14:15 EDTFOMC maintained its $85 B QE purchases
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14:03 EDTFed keeps benchmark rate at 0% to 0.25%
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14:02 EDTFOMC Meeting Announcement Federal Funds Rate data reported
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14:02 EDTFed says downside risks have diminished
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14:00 EDTFed maintains bond buying pace at $85B per month
14:00 EDTCBOE Volatility Index-VIX down 72c to 15.89 into policy statement
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14:00 EDTFOMC T-minus 10 and counting:
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13:41 EDTCBOE Volatility Index VIX is recently down 73c to 15.88
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13:35 EDTMay International Trade to be released at 08:30
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13:35 EDTJune ADP Employment Report to be released at 08:15
13:35 EDTJune Challenger Job-Cut Report to be released at 07:30
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13:35 EDTWeek of 6/28 MBA Purchase Applications to be released at 07:00
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13:35 EDTMarket drifting ahead of Fed announcement
The averages are drifting in negative territory as they have for most of the session. Investors have had little to key off during the first half of the session as they await results from the Federal Reserve's Open Market Committee meeting, which will be announced at 2:00 pm ET. Declining stocks are ahead of advancing stocks by 2:1 and down volume is ahead of up volume by the same margin. Crude oil prices are roughly unchanged while gold is higher by more than 0.3%. The Dow is down 22 points, the Nasdaq is down 7 points, and the S&P is down 2 points.
13:30 EDTJapan to maintain non-debt spending level, Nikkei says
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13:25 EDTU.S. Philadelphia Fed Index Preview
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13:06 EDTJapan Prime Minister Abe to shuffle cabinet in fall, Kyodo reports
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12:03 EDTCBOE Volatility Index VIX is recently down 22c to 16.39
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