Markets Jump Higher After FOMC Says Fed Will Stop Shrinking Its Balance Sheet

Update 2:44 PM ET:

Markets continue their rise after the announcement, with the Dow now an unch positive on the day:

  • Dow up 0.01%
  • NASDAQ down 0.69%
  • S&P 500 down 0.06%

The dollar fell dramatically on the announcement of further quantitative easing from the FOMC:

USD 810

Update 2:35 PM ET:

Markets have continued to rise since the announcement, however they still remain negative on the day:

  • Dow down 0.24%
  • NASDAQ down 1.18%
  • S&P 500 down 0.40%

Treasuries also moved dramatically on the news, with the 10-year falling to 2.7664 (via @credittrader):

FOMC Treasury 810

The FOMC announced that the Fed will stop shrinking its balance sheet and that it plans on reinvesting those funds held in other debts into Treasuries.

  • Dow down 0.51% (Blue)
  • NASDAQ down 1.35% (Gold)
  • S&P 500 down 0.62% (Red)

Note the dramatic jump on the announcement.’

Check out the full details of the announcement here >

Markets 810

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