Fed's decision causes market turbulence and uncertainty.
TL;DR
The stock market rally showed resilience Wednesday despite a hawkish Federal Reserve rate-hike outlook, with indexes closing mixed on relatively dovish comments from Fed chief Jerome Powell. China cut rates amid fresh disappointing economic data. Homebuilder Lennar reported earnings after the close. A slew of medical products and systems makers flashed buy signals Wednesday, after Dow Jones insurance giant UnitedHealth warned that patients are spending more on medical procedures.
Topics:top-newsfinance#china#federal-reserve#finance#homebuilders#medical-products#stock-market-rally
- Market Resilient After Fed Shocker; Big Warning Fuels This Group Investor's Business Daily
- Stocks fall in response to Fed's rate hike skip Yahoo Finance
- Retail sales, Adobe earnings, Kroger reports: 3 things to watch By Investing.com Investing.com
- Dow Jones Falls After Key Inflation Data; Fed Decision, Powell Comments Later Today Investor's Business Daily
- Understanding the Fed's Next Move: An Explanation of the June FOMC Rate Decision | Market Takes Dion Rabouin | WSJ
Want the full story? Read the original reporting
Read on Investor's Business Daily