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CISCO SYSTEMS INC (CSCO) 23.46 -$0.22 (-0.93%) 04:29AM (15 mins delay)

Wednesday Options Recap

Nov 04, 2009 - 3:57 PM EST

Frederic Ruffy submits:

Sentiment

Stocks are trading higher after the Federal Reserve concluded its latest FOMC meeting and signaled no real changes to their ultra low interest rate policy. Some investors were concerned the Fed would signal a tighter stance and remove the phrase "economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period," from the post meeting text. But, they didn't.

After the typical knee-jerk reaction, the major averages found some support about 15 minutes after the statement was released and the Dow Jones Industrial Average is up 125 points heading into the final forty-five minutes of trading. The NASDAQ added 13.

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Source: Seeking Alpha (Nov 04, 2009 - 3:57 PM EST)