The Federal Reserve bank left rates alone plus lower oil sent many stocks up. Dow was essentially even, but advancer led decliners 5-2 & NAZ put in a good showing, up 33. Dow was held back by United Tech (UTX), Boeing (BA) & American Express (AXP) with major declines. AXP is more troubling since they said they're having trouble collecting on their cards. Uh-oh! Dow was also held back by financials. They had been up nicely by midday, but pulled back to break even after digesting the FED announcement. The FED talked about higher energy limiting grow & resulting in inflation. Oil had a very wild day, ending down 2.41. Higher inventories won the day amidst all the confusing reports for oil.
Oracle (ORCL) came out with nice earnings after the close, up 32¢ & another 35¢ after hours, which should help tech stocks start off on the right foot tomorrow while the rest will try to assess the FED's words.
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