Dow and S&P close at record levels.
Dow up 9 straight days
The Fed started the balance sheet reduction (albeit at a slowww rate) and signaled their expectation for 1 more hike in 2017 and 3 in 2018, but the stocks did not flinch...much. The S&P and the Dow closed at record levels. The Nasdaq did shed -5.28 points but recovered by 42 points from the lows. A down day, feels like an up day.
There were some chinks in the high flyers today though. In particular Apple fell by -1.68%, Facebook, Nvidea and Microsoft were all down.
- S&P closed up 1.59 points or 0.06%
- Nasdaq closed down -5.28 points or -0.08%
- Dow rose 41.79 points or +0.19%