The Traderszone Network

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

Stocks Bide Time Ahead Of Fed; FedEx Gaps Up On Earnings

Stocks traded quietly higher Wednesday ahead of the Fed’s policy statement at 2 p.m. ET. The Dow Jones industrial average, S&P 500 and Nasdaq all rose 0.1%. Nasdaq volume was tracking about 16% lower than Tuesday’s level. NYSE volume fell 5%. In the stock market today, FedEx (FDX) gapped above a flat-base buy point of 155.41. Shares jumped nearly 4% after the company reported a 37% rise in quarterly profit.

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