The Traderszone Network

Published in TZ Latest News 17 September, 2014 by The TZ Newswire Staff

Wall St edges up ahead of Fed statement

Materials sector shares were leading the advance, with DuPont (DD.N) up 4.3 percent at $68.64 after activist investor Nelson Peltz’s Trian Fund Management, among the biggest shareholders in the company, urged it to separate its high-growth businesses from those with strong cash flows. The broader market focused on the Fed as it concludes a two-day policy meeting. It is expected to provide indications on how soon it may lift interest rates as it prepares for a shift in stance after years of near-zero interest rates.

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