Thursday, February 18, 2010

FED Rate Increase

Follow Me on Facebook Follow Me on Tweeter

After the market close QQQQ (Nasdaq 100 tracking stock), SPY (S&P 500 tracking stock) and DIA (Dow Jones Industrials Tracking stock) sharply went down around 16:30 as FED announced the rate increase to 0.75%. As a rule FED rate change usually affect stock market in short-term only and as a rule the indexes are very volatile during these announcements. It could be that the indexes will be down tomorrow at the market opening - let's see if they stay the rest of the session in negative area.

No comments: