Stocks mixed after Fed, as market cheers Shell and waits for Apple
4 days 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.