Stocks Rally After Fed Stands Pat

The Dow Jones Industrial Average moved up 89.16 points to close at 13,090.72 Wednesday after the Federal Reserve decided to keep interest rates unchanged near zero until at least late 2014. Apple’s strong quarterly profits helped lift techs as the Nasdaq vaulted up 68.03 points to end at 3,029.63.

The S&P 500 rallied up 18.72 points to 1,390.69.

Here are some more details from Wednesday’s trading session:

Dow Jones Industrial Average:

  • Up two consecutive trading days and three of the last four.
  • Up 163.55 points, or 1.27%, over the two-day period.
  • Largest two-day points and percentage gain since April 17, 2012.
  • Largest one-day points and percentage gain since April 17, 2012.
  • An intraday high of 13105.70 occurred at 09:51:55 today, representing an increase of 104.14 points, or 0.80%.
  • An intraday low of 12993.60 occurred at 09:30:06 today, representing a decrease of 7.96 points, or 0.06%.
  • Twenty-four of the 30 component stocks rose, six fell.
  • Today's top five contributors to The Dow's movement and their point contribution: BA (29.29), IBM (27.02), AXP (9.69), DD (8.48), CVX (6.21).
  • Today's bottom five laggards: CAT (-37.54), WMT (-3.10), JPM (-0.91), GE (-0.68), UTX (-0.30).
  • Highest closing value since April 17, 2012.
  • Down 7.58% from its record close of 14164.53 on October 09, 2007.
  • Up 99.95% from its 12-year closing low of 6547.05 on March 9, 2009.
  • Up 3.15% from 52 weeks ago.
  • Up 5.91% from its 2012 closing low of 12359.92 on January 06, 2012.
  • Down 1.31% from its 52-week high of 13264.49 on April 02, 2012.
  • Up 22.86% from its 52-week low of 10655.30 on October 03, 2011.
  • Month-to-date: down 0.92%.
  • Year-to-date:  up 7.15% (rounded).

Dow Jones U.S. Total Stock Market Index:

Dow Jones U.S. Total Stock Market Index, 14440.67*, up 205.82 points, or 1.45% (rounded), or approximately $237 billion in market capitalization.

  • Up two consecutive trading days and three of the last four.
  • Up 257.27 points, or 1.81%, over the two-day period.
  • Largest two-day points and percentage gain since April 12, 2012.
  • Largest one-day points and percentage gain since April 17, 2012.
  • Highest closing value since April 05, 2012.
  • Down 8.29% (approximately $2.4 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
  • Up 112.36% (approximately $8.8 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009.
  • Up 1.53% from 52 weeks ago.
  • Up 9.34% from its 2012 closing low of 13206.64 on January 04, 2012.
  • Down 2.03% from its 52-week high of 14740.15 on April 02, 2012.
  • Up 27.80% from its 52-week low of 11299.07 on October 03, 2011.
  • Month-to-date: down 1.28%, or approximately $225 billion in market cap.
  • Year-to-date: up 10.92%, or approximately, 1.6 trillion in market cap.

Data courtesy of Dow Jones Indexes.

 

 

 

 

 

 

 

For reprint and licensing requests for this article, click here.
Investment products
MORE FROM FINANCIAL PLANNING