DJIA 0.31% 26,683 dow jones industrials

id still be a little cautious

  1. 37,286 Posts.
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    hi guys

    i'd still be a little cautious..

    by no means does it say interest rates wont go up again.

    a few hawkish comments will see a retrace very quickly.

    as they say "enjoy the moment"

    NEW YORK, June 29 (Reuters) - U.S. stocks rallied on Thursday, propelling the Nasdaq up nearly 3 percent, as investors interpreted the Federal Reserve's policy statement as a signal the central bank may pause after its latest interest-rate increase.

    The Dow surged almost 2 percent to post its biggest one-day percentage gain since April 2005.

    Based on the latest available data, the Dow Jones industrial average <.DJI> shot up 215.80 points, or 1.97 percent, to end unofficially at 11,189.36. The Standard & Poor's 500 Index <.SPX> climbed 26.77 points, or 2.15 percent, to finish unofficially at 1,272.77. The Nasdaq Composite Index <.IXIC> surged 61.00 points, or 2.89 percent, to close unofficially at 2,172.84.

 
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