Market Watch: Waiting Patiently for the Fed

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Today marked the start of the Federal Reserve’s two-day meeting to decide whether or not to raise interest rates. The debate on what should be done marches on and Wall Street is divided. It seems nobody wants to make any big moves until the final announcement is made Thursday afternoon.

Asians stocks spiked, with the Shanghai Composite (China’s staple index) ending nearly 5% higher. Oil prices also increased to $47 a barrel, mainly due to a drop in inventory surplus.

Here are the final numbers from Wednesday on Wall Street:

Dow Jones Industrial Average: 16,739.95 (+140.10)

NASDAQ: 4,889.24 (+27.72)

S&P 500: 1995.28 (+17.19)

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