The Traderszone Network

Published in TZ Latest News 29 April, 2015 by The TZ Newswire Staff

Wednesday Market Wrap

Equity indices struggled in the early going after the advance reading of Q1 GDP (0.2%) missed expectations. However, that disappointment was partially offset by the FOMC directive, which did not stir concerns of a rate hike taking place in the near term. Instead, the FOMC reiterated that the current policy stance will remain appropriate until there is reasonable confidence that inflation will move back to the 2.0% objective.

Seven sectors registered losses while energy (+0.7%) outperformed throughout the session thanks to a 2.6% gain in crude oil.

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