Fed pulls back ever so slightly on its monetary throttle

The Federal Reserve’s Open Market Committee did as markets expected today, sticking a fork in its asset purchase program and declaring that QE-3 is done. But just as the FOMC changed its mind on ending earlier versions of QE, it may discover the need for a QE-4 should economic data turn problematic down the road. The Committee today also reaffirmed its view that the 0%-0.25% target range for the federal funds rate will likely be appropriate “for a considerable time.”
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Stocks flat to open the new week

U.S. stocks mostly spun their wheels Monday, as investors resisted the downward pull of European markets. At the open, the Dow Jones Industrial Average headed lower and was off 75 points or 0.4% at its low during the first 30 minutes of trading. But by today’s close the Dow was nominally higher, ticking up 0.1% on the day, as did the NASDAQ Composite.
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After 4 down weeks, the best week for stocks in over a year

The central banks of the world have been doing their part to support stock prices, mostly by means of buying bonds and injecting liquidity into markets. This past week, stock prices were boosted by speculation that the European Central Bank will begin buying corporate bonds sometime early in 2015, speculation that sent stock prices higher by roughly 2% in Europe on Tuesday – and also contributed to the best week for the U.S. stock market averages since early 2013.
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U.S. stocks surrender portion of recent gains on Wednesday

The three-day rally off last week’s lows in stock prices ran out of steam on Wednesday. The Dow Jones Industrial Average lost roughly 150 points today, almost 100 of them in the final hour of trading. Down 4.5% despite reporting strong sales and earnings for the third quarter and raising its full-year profit guidance, Boeing alone lopped 36 points off the DJIA Wednesday.
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