Stimulus Will Continue Along With Low Interest-Rates
The Federal Reserve announced this afternoon that they have decided to extend their stimulus package and continue spending around $85 million per month on bonds. This announcement was made after looking at the weaker economic prospects, partially due to the 16-day government shutdown in early October. The S&P 500, Dow Jones, and Nasdaq all finished down today after record highs on Tuesday. More companies have been continuing to release their 3Q earnings and many of them seem to be beating the expectations laid out. Facebook (FB) is about to post their earnings from the past quarter, will they reach an increase of $0.19 a share as expected? General Motors (GM) also posted high 3Q earnings of $698 million after ending the day with a 3% increase.
Word on the Street
- The Fed makes their announcement, stimulus package will continue.
- Private employers added smallest number of jobs in six months.
- No immediate sign of inflation as U.S. consumer prices rose in the month of September.
- Twitter was recently notified of a $124 million lawsuit.
- Will Intel (INTC) come out with the next big technological invention?
- Boeing (BA) close to $87 billion deal.
Published on Oct 30, 2013By InvestorGuide Staff