|Back to main|
Stocks Extend Tuesday's Rally As FOMC Expected To Keep Easy Monetary Policy
By: MT Newswires
Stocks are extending Tuesday's record highs, shrugging off disappointing earnings from Comcast ( CMCSA ) and lower revenue from Sprint ( S ), amid expectations that the Federal Reserve will continue to provide ample liquidity to the financial markets at the conclusion of today's FOMC meeting. European markets were all higher as well, riding the wave of optimism triggered by the rally in the U.S. and bullish economic data which included an expansion in Spanish GDP and improvement in the EU business and consumer survey.