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Feature Article

09/29/2016 - 12:47pm By: Intuition

The US stock market received a major boost last week on the back of the Federal Open Market Committee's decision to leave the interest rates unchanged. Even though, the Fed lowered the expectations for rate hikes in the next couple of years, it is still highly anticipated that the rates will be increased by the end of the year. The FOMC expressed its confidence in the labor market, but pointed out that the inflation rate is still below the 2% and stated that the economic growth is still not strong enough to justify an increase in interest rates. As the market was uplifted following the FOMC statement, the S&P 500 ended the last trading week with gains of over 1.10%, while Dow Jones Industrial Average inched up by around 0.90%.
Let's turn our attention to individual stocks that were in the spotlight of financial advisors last week, according to TrackStar, the official newsletter of Investing Channel's Intuition division...


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