STTG Market Recap July 30, 2014

The Federal Reserve did nothing surprising ($ 10B reduction in quantitative easing a month) and a market that was sort of weak/neutral rallied on some dovish comments on the labor market in today’s statement. At the close the S&P 500 gained 0.01% while the NASDAQ added 0.45%.Voting to cut another $ 10 billion from its monthly bond buys, the central bank left its short-term interest rate…

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