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Real-time Equity news
U.S. stock market report
1726 ET 16Dec2009-POLL
Most dealers see Fed hiking rates by end of Q1 2011
The Federal Reserve will raise interest rates by the end of the first quarter of 2011, most U.S. primary government securities dealers said in a Reuters poll on Wednesday, with differences largely tied to when forecasters think U.S. unemployment will peak.
The dealers were polled after the Fed released a fresh policy statement, concluding its final policy meeting of 2009.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1609 16Dec2009-SNAPSHOT
Wall St ends flat after Fed decision
U.S stocks ended little changed on Wednesday as the Federal Reserve's pledge to keep interest rates low for an extended period gave no fresh impetus for investors to push equities higher.
* Analysts said the Fed's policy stance had largely been baked in, consequently giving investors very little new direction on the outlook.
* The Dow Jones industrial average dropped 10.88 points, or 0.10 percent, to end unofficially at 10,441.12. But the Standard & Poor's 500 Index edged up 1.25 points, or 0.11 percent, to finish unofficially at 1,109.18. And the Nasdaq Composite Index gained 5.86 points, or 0.27 percent, to close unofficially at 2,206.91.
* The benchmark S&P 500 is up 64 percent since bottoming in early March.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1444 EST 16Dec2009
Fed maintains 'extended period' pledge on rates
Voicing some optimism about a stabilizing economy, the Federal Reserve on Wednesday left its benchmark federal funds rate on hold near zero and reminded markets that it will let most of its special liquidity facilities expire by early next year.
Concluding a two day meeting, the Fed voted unanimously to keep benchmark borrowing costs in a zero to 0.25 percent range, and said economic conditions would likely warrant holding rates exceptionally low for 'an extended period.'
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1302 ET 16Dec2009 RTRS-US STOCKS
Wall St rises on bets Fed will keep rates low
U.S stocks rose on Wednesday as a benign reading on the November Consumer Price Index bolstered expectations that the Federal Reserve will keep its accommodative monetary stance to foster an economic recovery.
The Fed is set to issue its statement assessing the economic outlook by
2:15 p.m. (1915 GMT) after it concludes a two-day policy meeting -
the last of 2009. Investors will parse the Fed's statement more closely to determine how the Fed will balance inflation risks with a need to ensure that the nascent recovery is not derailed by increases in borrowing costs for consumers and businesses.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1219 EST 16Dec2009-Blackstone
backed IPO rises after cool reception
Shares of the latest initial public offering backed by private equity firm Blackstone Group rose in their New York Stock Exchange debut after an initially cool reception.
Hospital staffing company Team Health Holdings' shares traded as high as $12.80 after opening at their IPO price of $12.00.
On Tuesday, the Knoxville, Tennessee-based company's stock priced below expectations and sold fewer shares than anticipated. Team Health sold 13.3 million shares, raising about $159.6 million. It had originally expected to sell 20 million shares priced between $14 and $16.
For details, see
Team Health shares gained 11 percent to $13.26.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
1726 ET 16Dec2009-POLL
Most dealers see Fed hiking rates by end of Q1 2011
The Federal Reserve will raise interest rates by the end of the first quarter of 2011, most U.S. primary government securities dealers said in a Reuters poll on Wednesday, with differences largely tied to when forecasters think U.S. unemployment will peak.
The dealers were polled after the Fed released a fresh policy statement, concluding its final policy meeting of 2009.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1609 16Dec2009-SNAPSHOT
Wall St ends flat after Fed decision
U.S stocks ended little changed on Wednesday as the Federal Reserve's pledge to keep interest rates low for an extended period gave no fresh impetus for investors to push equities higher.
* Analysts said the Fed's policy stance had largely been baked in, consequently giving investors very little new direction on the outlook.
* The Dow Jones industrial average dropped 10.88 points, or 0.10 percent, to end unofficially at 10,441.12. But the Standard & Poor's 500 Index edged up 1.25 points, or 0.11 percent, to finish unofficially at 1,109.18. And the Nasdaq Composite Index gained 5.86 points, or 0.27 percent, to close unofficially at 2,206.91.
* The benchmark S&P 500 is up 64 percent since bottoming in early March.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1444 EST 16Dec2009
Fed maintains 'extended period' pledge on rates
Voicing some optimism about a stabilizing economy, the Federal Reserve on Wednesday left its benchmark federal funds rate on hold near zero and reminded markets that it will let most of its special liquidity facilities expire by early next year.
Concluding a two day meeting, the Fed voted unanimously to keep benchmark borrowing costs in a zero to 0.25 percent range, and said economic conditions would likely warrant holding rates exceptionally low for 'an extended period.'
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1302 ET 16Dec2009 RTRS-US STOCKS
Wall St rises on bets Fed will keep rates low
U.S stocks rose on Wednesday as a benign reading on the November Consumer Price Index bolstered expectations that the Federal Reserve will keep its accommodative monetary stance to foster an economic recovery.
The Fed is set to issue its statement assessing the economic outlook by
2:15 p.m. (1915 GMT) after it concludes a two-day policy meeting -
the last of 2009. Investors will parse the Fed's statement more closely to determine how the Fed will balance inflation risks with a need to ensure that the nascent recovery is not derailed by increases in borrowing costs for consumers and businesses.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1219 EST 16Dec2009-Blackstone
backed IPO rises after cool reception
Shares of the latest initial public offering backed by private equity firm Blackstone Group rose in their New York Stock Exchange debut after an initially cool reception.
Hospital staffing company Team Health Holdings' shares traded as high as $12.80 after opening at their IPO price of $12.00.
On Tuesday, the Knoxville, Tennessee-based company's stock priced below expectations and sold fewer shares than anticipated. Team Health sold 13.3 million shares, raising about $159.6 million. It had originally expected to sell 20 million shares priced between $14 and $16.
For details, see
Team Health shares gained 11 percent to $13.26.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.