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Markets Surge on Fed Taper, Oracle Beats Forecasts

Ruben Ramirez
12/18/13 5:07 PM EST
U.S. markets ended Wednesday's session higher after the Federal Reserve announced it would begin to taper its bond buying program. Moody¿s Analytics¿ Economist Ben Garber says the Fed¿s optimism about the U.S. economic picture could mean a cheerful start to 2014. Separately, Oracle shares moved higher in after-hours trading after it posted quarterly results which topped analyst forecasts. The networking giant beat estimates on both the top and bottom line in its latest quarter. TheStreet¿s Ruben Ramirez reports from New York.
Stock quotes in this video: ORCL

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