Stocks are trading higher on Tuesday as the Federal Reserve begins its 2-day policy setting meeting.
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A move on interest rates seems unlikely.
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Investors will still be watching for the Fed’s economic forecast as well as the policy statement at the conclusion of the meeting on Wednesday.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26044.33 | +130.23 | +0.50% |
| SP500 | S&P 500 | 2832.94 | +10.46 | +0.37% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7688.527434 | +57.62 | +0.76% |
Investors are watching shares of Walt Disney Co. and FOX Corporation as Walt Disney’s acquistion of Twenty-First Century Fox assets will become effective at 12:01 a.m. on Wednesday.
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Ford Motor is reportedly expanding assembly line production in Kentucky of its large SUVs including the Expedition.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| F | FORD MOTOR COMPANY | 8.57 | +0.14 | +1.66% |
| FOXA | n.a. | n.a. | n.a. | n.a. |
| DIS | WALT DISNEY COMPANY | 113.12 | -1.84 | -1.60% |
In Asian markets on Tuesday, China’s Shanghai Composite index fell 0.2 percent, Hong Kong’s Hang Seng added 0.2 percent and Japan’s Nikkei slipped 0.1 percent.
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In European trading, London’s FTSE rose 0.6 percent, Germany’s DAX added 1.3 percent and France’s CAC gained 0.5 percent.
