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S&P 500 Climbs After Federal Reserve Meeting

S&P 500 Climbs After Federal Reserve Meeting

The S&P 500 spent the last week rising. Having opened at 1981.20 on Monday morning it reached a high of 2017.90 on Friday before closing at 2,010.40.

It was a good week for the markets; they were boosted by Chinese e-commerce company Alibabas initial public offering, the Federal Reserve meeting and Scotlands decision to stay in the UK. Across the week the biggest gains on the S&P 500 came for Vertex, DuPont, Darden Restaurants and Molson Coors Brewing. The companies that lost the most were Owen-Illinois, Peabody Energy, Delphi Automotive and Noble Corporation.

The next week is likely to be steadier for the S&P 500 as there are no political or economic events of the same magnitude as last week. Much will depend on the technical companies; Oracles co-found Larry Ellison stepped down on Friday which could result in the company dragging the index lower.

OCA News Editor

Jenny McKinnley is OCAs 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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