All indexes held up fine until Fed released its monetary-policy statement. All important resistance points were broken abruptely ending my view earlier that a break on upside might come. No positions were taken because the five minutes trend showed the drop well in advance. Dow closed at 11.125. Quick projection points to the 10.950-area for the bottom of this move. FTSE and DAX fell in New York trading as well to close below support area.
MARKETWATCH FRONT PAGE
Major indexes stumble as the Federal Reserve releases its monetary-policy statement. See full story.
Treasury yields set record low after FOMC
Treasury prices rise, pushing benchmark yields down after the Federal Reserve says it will buy more longer-term securities. See full story.
Fed getting more worried about Europe
For the first time in more than two years, Federal Reserve officials specifically mention "strains in global financial markets" as a potential "downside risk" for the U.S. economy, reports Rex Nutting. See full story.
Fed decides on $400 billion bond swap
The Fed decided on Wednesday to start a new program to twist the yield curve by swapping $400 billion of short-term debt with longer-term maturities. See full story.
MARKETWATCH FRONT PAGE
Major indexes stumble as the Federal Reserve releases its monetary-policy statement. See full story.
Treasury yields set record low after FOMC
Treasury prices rise, pushing benchmark yields down after the Federal Reserve says it will buy more longer-term securities. See full story.
Fed getting more worried about Europe
For the first time in more than two years, Federal Reserve officials specifically mention "strains in global financial markets" as a potential "downside risk" for the U.S. economy, reports Rex Nutting. See full story.
Fed decides on $400 billion bond swap
The Fed decided on Wednesday to start a new program to twist the yield curve by swapping $400 billion of short-term debt with longer-term maturities. See full story.
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