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51%  
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  • GOP triumph? Stocks are waiting for the Fed ($500B to be printed)

    11/03/2010 7:56:53 AM PDT · by TSgt · 12 replies
    money.cnn.com ^ | November 3, 2010: 9:43 AM ET | CNNMoney.com staff
    NEW YORK (CNNMoney.com) -- U.S. stock markets posted slight gains at the start of a busy Wednesday, after a big Republican victory in the midterm election and ahead of a key Federal Reserve meeting. The Dow Jones industrial average (INDU) added 26 points, or 0.2%, and the S&P 500 (SPX) gained 2 points, or 0.2%. The tech-heavy Nasdaq (COMP) rose 2 points, or 0.1%. Stocks closed higher Tuesday after interest rate hikes from the central banks of Australia and India sparked an early rally. But the market traded in a narrow range for most of the day as investors remained...