Dow Jones Industrial Average Up Mildly As FOMC Concludes October Meeting

Futures for the Dow Jones Industrial Average (DIA) today (Wednesday) added seven points as the Fed Open Market Committee concludes its seventh meeting of 2015 and markets react to the Q4 earnings report from Apple Inc. (AAPL). U.S. Federal Reserve Chairwoman Janet Yellen is unlikely to announce the central bank raised interest rates during its meeting. However, investors can reasonably expect the Fed will claw back some language tied to September’s statement regarding disinflationary exposure to markets like China.

Yesterday, the Dow dipped 41 points before the Apple Q4 earnings report was released after the bell. The tech giant reported the largest annual profit in the history of the markets. Boosted by record iPhone sales, the company announced it earned $53.4 billion over the last 12 months.

Print Friendly, PDF & Email

Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

Share This Post On

Submit a Comment

Your email address will not be published. Required fields are marked *