: Stocks Quietly Consolidate Before Fed Speeches

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After a week that saw the major market indices climbing to record highs, stocks today are taking a breather with the Dow Industrials, S&P 500 and Nasdaq Composite all mired in razor-thin ranges. Following the Federal Reserve decision earlier this week to leave its bond purchases unchanged at $85 billion per month, investors are keeping a close eye on comments today from Fed District Presidents Esther George, Narayana Kocherlakota and Daniel Tarullo as well as St. Louis Fed President James Bullard, who already made news this morning telling Bloomberg News the central bank still could choose to taper at its next meeting in late October meeting if the economic data justifies.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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