iPhone Launches Tomorrow, JPMorgan’s Whale of a Fine: Market Recap
U.S. stocks fell after hitting a record yesterday when the Federal Reserve determined not to cut back on stimulus. While many economists had expected the central bank to begin cutting back on bond purchases after yesterday’s meeting, the Fed decided it needed more evidence of economic recovery before beginning tapering. Economic data today showed that sales of previously owned homes rose in August and last week jobless claims rose less than had been predicted.
Gold: +4.47% to $1,366.10 per ounce Oil: -1.60% to $105.56 per barrel U.S. 10-Year: +1.48 to 2.748%