Record Closes All Around After Fed Decision

The Federal Reserve's decision is in and, as many on Wall Street expected, the central bank will keep interest rates unchanged. Fed Chairman Jerome Powell added that there could still be three cuts this year, despite recent hotter-than-anticipated inflation data. In response, all three major benchmarks locked in record closes and third-straight daily wins, with the S&P 500 topping the 5,200 level.

Closing Indexes Summary March 20

NYSE and Nasdaq Stats March 20

Coroprate Earnings March 20

Unusual Options Activity March 20


Oil prices finished lower on Wednesday, as the U.S. dollar gained strength and traders unpacked a weekly decline in U.S. domestic crude and gasoline inventories, as well as rising distillate stockpiles. April-dated West Texas Intermediate (WTI) dropped $1.79, or 2.1%, to settle at $83.47 per barrel on the day.

Gold prices settled modestly higher, brushing off a stronger greenback on the heels of the Fed's interest rate decision. April-dated gold added $1.30, or less than 1%, to settle at $2,161.00 per ounce on the day.

More By This Author:

Stocks Quietly Higher As Central Bank Wraps Up Meeting
Dow Adds Triple Digits As Treasury Yields Move Lower
Wall Street Mixed As Tech Stocks Fall, Fed Meeting Begins
How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.