The Nasdaq was even able to log a fresh 52-week high. However, broader market support faded in the wake of the latest statement from the FOMC. The Fed's statement singled out strength in a few sectors, including housing and consumer spending, and it noted that while the labor market continued to lose ground, the pace was slowing. The Federal Trade Commission said Wednesday it is suing Intel for anticompetitive practices against its rivals. Intel shares ended down 2.1%. QQQQ implied volatility little changed.
Wednesday, December 16, 2009
Unable to hold early gains
The Nasdaq was even able to log a fresh 52-week high. However, broader market support faded in the wake of the latest statement from the FOMC. The Fed's statement singled out strength in a few sectors, including housing and consumer spending, and it noted that while the labor market continued to lose ground, the pace was slowing. The Federal Trade Commission said Wednesday it is suing Intel for anticompetitive practices against its rivals. Intel shares ended down 2.1%. QQQQ implied volatility little changed.
