The markets shot higher to start the day following a strong performance from Apple and Boeing. By the afternoon, the Federal Reserve made their announcement that they would keep rates unchanged and take a "Wait and See" approach, which further fueled the markets rally. By the close the Dow 30 added 435, closing above 25,000. The S&P 500 gained 41 on the day and the Nasdaq 100 added 154.
Sector News
Crude Oil broke above the $54 technical resistance area today as the weekly inventory report showed another rise in US stockpiles along with continued momentum from the Venezuela sanctions. The $54 area has been a sticking point over the last two months.
Reit's continued their impressive move back towards highs today. The sector has been the fastest-recovering sector of all with its 15% rally in only 35 days. At this pace, it looks like it will be the first sector to recover all of its losses from the end of 2018.
Stock News
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