Ahead of Fed Decision, Big Earnings Wins for Forgotten Names

Thursday, November 6, 2024The other long-expected big news item for market participants this week comes this afternoon, with the Federal Open Market Committee (FOMC) determining a new Fed funds rate. This follows the “red wave” election on Tuesday that still shows stock market indexes going higher after a gangbusters market Wednesday. Both the Dow and the Nasdaq are +80 points at this hour, with the S&P 500 up +15 points. New Jobless Claims Stay Tame; Longer-Term Claims HigherThis being Thursday morning, we ...