You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Snapshot: Market bets Fed will stay the course

Continue reading below

Investors, playing wait-and-see with the Fed, guessed it will continue to prop up the economy, and that sent stocks higher. Gains were broad. The only S&P 500 sector to post a loss was telecom. There was little real news and trading was light, and investors will have to keep guessing about the Fed till Wednesday, when its policy meeting ends. ‘I think the market’s a little hooked on a drug here,’ said Doug Lockwood, at Hefty Wealth Partners — suggesting it’s not rational to regard the bad news that the economy still needs stimulus as good for stocks. The market has fluctuated since May 22, when the Fed hinted it might soon reduce its aid.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of