The Dow, S&P 500, and Nasdaq Split Ahead of a Near-Certain Rate Hike
The Fed is about to raise rates for the first time in three years. The dot plot matters more.
Overview
Both of the things that started this week on a sour note eased off on Wednesday. Oil fell and bond yields backed away from 5%; The market responded by going in three different directions at once.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.7% as of 12:41 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) added 0.3%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) went nowhere at all, down less than 0.1%. Eighteen of the Dow's 30 stocks were higher, which makes the flat reading a little strange.
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Source
Originally published at www.fool.com.
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