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-$0.13 (-0.75%)
09:35PM (15 mins delay)
Sep 23, 2009 - 4:13 PM EDT
Frederic Ruffy submits:Stocks are trading broadly higher late Wednesday after the Federal Reserve concluded its latest meeting on monetary policy and the post-meeting statement didn't include any unpleasant surprises. Instead, the Fed kept rates unchanged, as expected, and noted some signs of improvement in economic activity.
The major averages traded in a narrow range ahead of the news, as there wasn't much new information to guide the market in morning trading. Some of the energy-related names came under fire after weekly inventory data sent crude oil sliding back towards $69 a barrel.
Source: Seeking Alpha (Sep 23, 2009 - 4:13 PM EDT)
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