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The Boston Globe


Snapshot: New data, bets Fed aid will go on lift stocks

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Home building is picking up. Check. Inflation remains low. Check. Good news for investors on Tuesday from the government. Stocks rose. But mostly, it was a day of wait-and-see — what the Fed will do, that is. Will it keep its stimulus program in place? An announcement is due Wednesday. Brian Doe, at Gratus Capital in Atlanta, called the Fed’s policy announcements ‘the big wind’ that could push the market around. ‘Right now the wind is not blowing,’ he said. ‘We have this little calm where everybody can be optimistic.’ All 10 S&P 500 sectors rose. The Russell 2000 small-companies index closed at a record high, but just shy of 1,000.

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