The markets are moving nicely higher ahead of the FOMC Policy Statement at 2:15pm ET. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.83, +1.25 (+0.91%). All eyes and ears are waiting to see and hear if interest rates will truly remain low through 2014. In addition, the market continues to hold onto hope of further quantitative easing. Based on the action today, the markets are feeling lucky.
Apple Inc. (NASDAQ:AAPL) continues to soar, hitting new all time highs today. It is currently trading at $561.40, +9.40 (+1.70%). Apple has a major weighting in the S&P 500 and the NASDAQ 100. Therefore, the indexes will follow the stock closely.
The party continues across the markets. Europe has faded from the headlines and the United States economy seems to be returning to form thanks to the Federal Reserve and their print tons of money policy. While euphoria returns, smart traders are eyeing shorts.
Gareth Soloway
InTheMoneyStocks
Est error veniam sunt aut consectetur cupiditate. Consequatur sit dicta quas ex. Consequuntur magnam nostrum ullam reprehenderit voluptatem. Quisquam repellendus sunt qui labore enim facilis quis. Quasi quas dolores velit cum saepe sequi et.
Eligendi ipsam vel quia cupiditate autem dolores. Dolores deleniti alias distinctio perferendis itaque. Labore fugit et nostrum corrupti. Architecto illum ex eligendi sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...