Market Upbeat on More Hawkish Fed Statement
napara111Market sentiment was buoyed as the Fed delivered a hawkish policy statement, Spain showed commitment on fiscal reduction and EU finance ministers approved the next tranche of Greek funding. Wall Street rallied with the DJIA and the S&P 500 indices gaining +1.68% and +1.81% respectively. In the commodity sector, oil prices changed little but gold remained weak. The benchmark Comex contract for the yellow metal initially plunged to 1662.1, the lowest in almost 2 month, before rebounding to 1694.2, down -0.33%.
Read the original here:
Market Upbeat on More Hawkish Fed Statement
