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Dow Jones gyrates in a tight range after the Fed decision

As noted here earlier this afternoon, the Dow Jones was the only US stock index in the green and it remained that way into the Fed policy announcement. The Dow almost reached the 38k handle, but stalled at 37,995. It attempted to push higher again after the Fed, as US yields edged a little lower. That was because there was no hawkish shift in the narrative accompanying the unchanged Fed Funds rate. The price action across the Dow has been skittish, but in a tight range covered by 37,930 to 37,990 since and it remains to be seen, if the index can hold this modest gain on the day ahead of the close tonight. If it cannot, then it looks certain the S+P 500 and the Nasdaq 100 will close lower, as they are both yet to move back into positive territory on the day. So, it looks all up to Jerome Powell now. He will be debriefing the press shortly. The Dow Jones is just now trading at 37,970 
 

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