Fed tone construed as a little hawkish, earnings continue to remain in focus!

🇺🇸 Markets On Thursday
#DowJones -0.3%
#NASDAQ -0.5%
S&P500 -0.47%

#FederalReserve Decision
Fed left borrowing rate unchanged in a range between 4.25% and 4.5%. In post-meeting statement, policymakers noted that inflation remains “somewhat elevated”
Fear is this signals a prolonged pause!

Stocks in focus
IBM +9% on earnings beat🚀 

Other Assets
🇺🇸 10 year yield at 4.54%
💲Dollar Index at 108.1
🪙 Gold at $2,753/ounce.
⛽️ Brent Crude at 76.5$/barrel
💸 Bitcoin at 10400$

Stocks reacting to results In extended trading
Meta Platforms +2%
Tesla  +4%
Microsoft -5%

On Thursday 👉 Apple reports results

Economic Data due
Thursday 👉 4th quarter gross domestic product reading & weekly jobless claims
Friday 👉 Personal consumption expenditures price index report for December
#DowJones #NASDAQ #FederalReserve