Monday, January 3, 2011

U.S. stocks closed slightly higher Fed rates unchanged.

As oil prices and the Federal Reserve (Fed) left interest rates unchanged, the stock market 25 higher, but Fed is still cautious on the economy, the stock market gains reduced. .Boeing downgrade, and financial shares reversed down, making the full report the Dow Jones dropped back a few gains, rose more than 116 points intraday, and closing only slightly up 4 points. .(Http://finance.) Dow Jones Industrial Average index rose 4.4 points to 11811.83 points, or 0.04%. .Standard & Poor's 500 index rose 7.68 points to 1321.97 points, or 0.58%. .The Nasdaq composite index rose 32.98 points to 2401.26 points, or 1.39% <P> supported by falling oil prices, rising U.S. stock market morning show. .Fed to keep interest rates unchanged after the announcement, the stock market extended gains. .But central bank officials adopted a more hawkish stance on inflation, the stock market gains late cut. .Resolution Fed kept the federal funds rate today at 2% unchanged. .Since September, Fed has cut interest rates seven straight, including the January emergency rate cut - that is, the peak of the subprime crisis. .The central bank also inject large sums of money into the banking system and slow down the tight credit market pressures. .</ P> <P> Fed statement released after the meeting, said there has been to help revitalize the economic measures, and will continue. .But the Fed also pointed out that the risk of inflation has worsened. .The statement said: Although downside risks to economic growth continued, but it seems to have slowed, while inflation and inflation expectations have increased. .</ P> <P> after the declaration shows that, although the Fed raised its assessment of the economy, but inflation risks are followed. .Analysts said this shows the end, Fed may raise interest rates. .</ P> <P> oil prices. .New York, August crude oil fell $ 2.45 to $ 134.55 a barrel. .Government report showed crude oil inventories unexpectedly increased last week, as crude oil market pressure. .</ P> <P> Company news: Boeing fell nearly 7%. .Goldman Sachs, the Dow component companies rating downgraded to sell from the sidelines, bringing pressure. .</ P> <P> another Dow component American Express Company, said, MasterCard will pay American Express up to 18 billion U.S. dollars, to anti-trust case settlement. .American Express also warned that the deterioration in consumer loans faster than expected this month, could lead to expansion of loan losses. .</ P> <P> American Express shares were little changed early games, but with other financial stocks rose late. .Citigroup earlier gains of more than 4%, but closed nearly unchanged. .</ P> <P> directly dependent on fuel oil prices are profitable enterprises, such as airlines, rail and truck stock shares. .The Dow Jones transportation index rose 1%. .</ P>.

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