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Stock Market Today

Saturday, December 16 2017

Daily Updates

Stock Market Today: December 15, 2017

Harvey S. Katz, CFA, Mario Ferro, and Robert Harrington | 12/15/2017

Each of the U.S. indexes reached new all-time highs on Friday as optimism for tax reform spurred a bell-to-bell rally. While the bullish run was partly supported by the morning’s positive economic updates (U.S. industrial production edged higher, capacity utilization reached a two-year high), the primary driver today was optimism from The Hill. The upturn was not limited to large-cap issues. In fact, the S&P Small-Cap 600 and Russell 2000 both outpaced the major composites.

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Markets Commentaries

The Federal Reserve Raises Interest Rates At Its December 2017 FOMC

Harvey S. Katz, CFA | 12/13/2017

The Federal Reserve, which has become increasingly transparent in recent years, again lived up to its reputation, voting to raise interest rates following the conclusion of its two-day FOMC meeting, which adjourned at 2:00 PM (EST) this afternoon.

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Markets Commentaries

The Beige Book Suggests More Of The Same in November 2017

Harvey S. Katz, CFA | 11/29/2017

The Federal Reserve, in its Beige Book economic summation, released at 2:00 PM EST suggested that economic activity was continuing to increase at a modest-to-moderate pace across the country, although there had been slight improvement in the outlook in recent weeks. The Beige Book is a Federal Reserve System publication of current economic conditions across the 12 Federal Reserve Districts.

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