Fed Offers No Hints on Taper; Stocks End Mixed (WFM, FB)

The two-day Federal Reserve meeting concluded on Wednesday but statements released afterward did not reflect major changes in plans. The Fed said that the economy grew at a modest pace and that it plans to continue with its $85 billion monthly bond purchasing program. After this news US stocks continued to gain but ended mixed overall for the day. Shares of Garmin (GRMN) and Symantec Corp (SYMC) rose on quarterly reports. After the bell Yelp (YELP) shared sales that increased by 69% while Whole Foods (WFM) stumbled after their report.
It was also announced today that the private sector added 200,000 jobs in July, a figure that was higher than expected.

Word on the Street

Interesting Tidbits

Published on Jul 31, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...