Major Incides Jump on Fed Statement (DIS, JPM)

In what seemed like a non-announcement, the Federal Reserve Open Market Committee said that they would not be changing their current, "highly accomodative" policy. Markets reacted very positively to this, however, with major indices increasing by over 1.5 percent. In corporate news, the Walt Disney Company (DIS) relealed its 2012-2013 programming slate. JPMorgam Chase & Co. (JPM) plans a $15 billion share buyback and a 20 percent increase in its quarterly dividends.

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Published on Mar 13, 2012
By InvestorGuide Staff

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