Market Watch: Stocks rise after release of Fed minutes

Wall St. moved in a positive direction today as stocks traded mostly higher following the release of the minutes from the Fed’s September meeting, which indicated that policymakers were worried about slower economic growth around the world.  According to Myles Clouston, senior director at Nasdaq:

“The Fed minutes from September didn’t give the market any clarity on when liftoff (a rise in rates) would occur and markets were hoping for more guidance”

The minutes from The U.S. Federal Reserve’s meeting on Sept. 16th & 17th showed that the committee was uncomfortable by signs of a global economic slowdown and thus was the reason why they did not raise interest rates in their last session.

Watch CNBC’s analysis of the the minutes of the Fed’s September meeting below.

The Dow closed above 17,000 for first time since August, 2015.  Oil closed at near $50 per barrel.

Here are the final numbers from Thursday, 10/8/15 on Wall Street:

Dow Jones Industrial Average: 17, 050.75 (+138.46/ +0.82%)

NASDAQ: 4,810.79 (+19.64 / +0.41%)

S&P 500: 2,013.43 (+17.60 / +0.88%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
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Phil Cannella
Phil Cannella
Phil Cannella

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