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Stocks fell on Thursday, a post-Fed day, and a post-Apple earnings day, and by the close we saw Wednesday's gains in the Dow and S&P get reversed. The Dow lost 140-points but that was well off the morning lows of the day so we did see some buying in the afternoon session. Small caps and the Transportation Index lagged again, but the Transports got a nice bounce off its 50-day EMA.

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Stocks were flat for most of the day on Wednesday, chopping around in a tight range even after the Fed rate decision, but once Powell started his press conference, investors got a better sense that he may not be done cutting rates if the situation called for another. Basically it was not a 'one more and done' announcement as many expected. The Dow closed near the highs of the day gaining 115-points. Small caps lagged ending the day flat while the Transports were hit with ...

Fed cuts interest rates for third straight time, but signals a pause

https://www.marketwatch.com/story/fe...?mod=home-page

Stocks rallied early on Tuesday, peaked within the first couple of hours of trading, and faded lower closing near the flat line although Apple and Google both lost about 2% dragging the Nasdaq down with them. The Dow lost 19-points while the broader non-tech part of the market was mostly flat.

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Correction! I have been saying that the FOMC meeting and interest rate decision is on Thursday this week. It is actually on Wednesday!

Stocks opened higher on Monday and we finally saw a new high in the S&P 500. The Dow gained 133-points, the Nasdaq led on the day with a gain of 1%, while the Transportation Index gave back all of its early gains to close flat on the day creating a negative reversal. With the Fed getting ready to cut rates ...