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Wall Street mixed ahead of FOMC showdown

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Wall Street was a mixed day today as we head ever closer to the FOMC showdown. US stocks are doing better this month on a broad recovery.

    The S&P 500 is up some 8% as US economic data offers an improved outlook along with a slightly better sentiment in the commodity sector with the recent recovery attempts. However, these may still be somewhat ahead of the curve given the outlook for the global economy as a whole and hence socks remain mixed on Wall Street. The Dow Jones Industrial Average rose 0.1%, the S&P 500 fell 0.2% and the Nasdaq Composite was off 0.5%.

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