Stock Market News For Sep 21, 2017
Zacks Investment Research | Sep 20, 2017 10:22PM ET
Markets closed mostly higher on Wednesday after the Federal Reserve announced trimming of its balance sheet from October. The Fed also decided to keep the benchmark interest rates unchanged, but, indicated a possible rate hike in December. Such statements led to gains for financial shares and also boded well for banks.
The Dow hit fresh record on Wednesday, rising 41.79 points, buoyed by gains in McDonald’s (NYSE:C) and Pfizer (NYSE:PFE) , which gained 1.6% and 1.5% respectively. Meanwhile, the S&P 500 also ended above the 2500 level yet again and briefly hit an intraday high of 2,508.85. Of the 11 major sectors of the S&P 500, seven ended in the green, with financials leading the advancers. Both the companies possess a Zacks Rank #3 (Hold). You can Original post
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