Stocks mixed after Fed, as market cheers Shell and waits for Apple
15 hours ago
The key event this week was the Fed meeting. It was less hawkish than expected, with a rate hike explicitly ruled out. The market reaction was mixed, a sharp drop lower in Treasury yields, which has extended into Thursday, a weakening of the dollar, especially vs. the yen and a higher gold price, although gold is slipping this morning. The focus will now shift to Apple results tonight and the Non-Farm Payrolls report for April that is scheduled for Friday.