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[mick]

Fed Signals Continued Bull Market

To almost no one’s surprise, Fed Chairman Jerome Powell announced yesterday that the Fed will suspend rate hikes for the rest of the year – causing Treasury yields to drop along with share prices for major American banks.

What may have caught investors off guard, however, was the rest of the general market sinking too. Goldman Sachs led the Dow’s 141-point slip for the day, while the other major indexes had similar issues. The S&P 500 fell 0.3 percent by the end of the trading session, and the NASDAQ composite squeaked out a measly 0.1% gain.