Quick Recap of Wednesday’s Session:
Stocks finished slightly higher on Wednesday in another choppy session of trading. Major indices started the day gaining following the German high court ruling that the Eurozone bailout fund (ESM) was constitutional. However, stocks were met with heavy selling pressure throughout most of the day as traders hold their breath for Thursday’s FOMC rate decision tomorrow afternoon. Stocks managed to rally into the close to finish higher than their intraday lows, though well off of intraday highs.
S&P 500 +0.21%, NASDAQ +0.32%, DJIA +0.07%, Midcaps +0.34%.
Looking Ahead to Thursday:
S&P 500 - Intraday
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S&P 500 - Last 12 Months