Morning Market Stir: Market Rally Slows as Fed Signals the End of QE - TheStreet

Morning Market Stir: Market Rally Slows as Fed Signals the End of QE

After the Fed's big announcement, markets are digesting the news
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Thursday, October 30 – Alan Knuckman reports from the floor of the CME Group in Chicago where equities pulled back as the Federal Reserve indicated its monetary easing program would be coming to an end. The S&P finished at 1,962, the Dow closed at 16,924, and the Nasdaq fell to 4,072. After the Fed announcement, the dollar surged to 86.04 and the Euro dropped to 1.2649. Bonds closed at 141'12, bouncing back after falling to 140'16. Crude bounced slightly to 82.20, and gold dropped to 1,225. After digesting the news yesterday, equities are down this morning, with the dollar up again and the euro heading lower. Bonds are strong, with crude and oil pulling back.