38°F
Sponsored by

MarketWatch for Wednesday, October 30, 2013

If you're keeping on top of the stock markets this morning, Wednesday, October 30, 2013...
If you're keeping on top of the stock markets this morning, Wednesday, October 30, 2013...

The Nikkei is up 176 points today in Tokyo.
On Wall Street, the Dow ran up 111 points Tuesday.
And the Nasdaq was up 12.

The Nasdaq was hit for nearly an hour Tuesday by a technical glitch that prevented the index from updating, but trading in all Nasdaq listed stocks carried on normally.

Investors pushed stocks higher and drove the Dow and S&P 500 to all time highs. Investors are betting that the Federal Reserve will keep its economic stimulus program in place when its wraps up a two day meeting this afternoon.

The 16-day government shutdown earlier this month took at least $24 billion out of the economy. That, combined with lackluster unemployment figures has many investors believing the Fed will wait until at least March to taper its monthly bond-buying program. That program has helped propel stocks higher and keep interest rates low.

IBM rallied after the tech giant added $15 billion to its stock buyback program.

And JPMorgan Chase is a stock to watch today. The Wall Street Journal is reporting that the bank's $13-billion proposed deal with the Justice Department over its mortgage bond business could be at risk of collapse.

Page: [[$index + 1]]
comments powered by Disqus