Wall Street subdued ahead of BoJ after FOMC yesterday
|A rather dull day on Wall Street but at least the the S&P 500 and Nasdaq Composite were up today after yesterday's FOMC and lift in sentiment in the markets given that the Fed are not on the brink of raising rates just yet, despite suggesting that risks have diminished to the US economy.
Apple Inc. and Facebook Inc. shares lead the way due to better-than-expected quarterly results and these in turn counter acted the losses energy stocks.
The S&P 500 index was up 3.48 points, or 0.2%, to close at 2,170.06.
The Dow Jones Industrial Average lost ground again and for a fourth-straight session, dropping 15.82 points, or 0.1%, to finish at 18,456.35,
The Nasdaq Index climbed 15.17 points, or 0.3%, to end at 5,154.98.
The big event ahead will come form the BoJ. " Economic and political pressure will likely force the BOJ to move. Given that there is no agreement on the precise meaning of "helicopter money", we find ourselves in agreement with one of Abe's advisors that suggested that the current BOJ purchases are a form of "helicopter money", explained analysts at BBH.
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