Dow Closes With a Record High; Fed Set on Keeping Interest Rates Low

The Dow Jones finishes the day with a record close, mainly due to the Fed saying that the will keep interest rates low for the foreseeable future. Janet Yellen announced today that the Fed does not have a timeline for when they expect to raise interest rates. Food stocks suffered today, in part due to General Mills (GIS) reporting much lower-than-expected quarterly results. General Mills shares fell nearly 5% today and was one of the S&P 500's worst-performing stocks on the day.

Word on the Street

Interesting Tidbits

Published on Sep 17, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...