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NYSE Composite Index Remains Steady Ahead of Fed Meeting

NYSE Composite Index Remains Steady Ahead of Fed Meeting

Last week saw a steady drop in the NYSE Composite Index from a high of 11,036.81 on Monday to a low of 10,888.58 on Friday. This week it opened at 10,890.73 and has since risen to around the 10,900 mark.

So far this week investors have been cautious ahead of the Federal Reserve meeting taking place on Wednesday. Most indices have suffered from more significant drops than the NYSE composite index but if a rise in interest rates is announced it too could fall.

The best performing stocks this week have been GulfMark which gained 29.53%, NeoPhotonics which gained 23.86%, Turquoise Hill Resources which gained 19.82% and China Green Agriculture which gained 18.95%. The worse performing are Pulse Electronics which lost 23.55%, USEC which lost 18.75%, Walter Energy which lost 18.12% and 500.com Ltd which lost 16.86%.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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