Stocks Rise Ahead of Fed Decision

Stocks are higher on Wednesday, after economic data showed U.S. GDP rose by 3.9% in the third-quarter (full story), and ahead of the Fed’s decision on interest rates.

Kraft Foods
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announced Q3 profit fell by 20% and backed its full-year 07 outlook (read more).

Boyd Gaming
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reported a profit in in Q3, despite an 8% decline in revenues (read more).

Meanwhile, MasterCard
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reported revenue rose by 20% (read more).

Google
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rose above $700 a share for the first time (full story).

Crude oil continued its march towards $100 per barrel, rising above $93 in early trading.

Market Snapshot

Dow

64.87 13857.34

NASDAQ

21.87 2838.58

S&P 500

11.18 1542.20

  NYSE NASDAQ

Volume

548,687,020 1,040,171,031

Up Volume

412,737,320 677,836,666

Down Volume

128,894,000 324,536,072

Advances

2225 1755

Declines

889 1050

New Highs

158 92

New Lows

46 82

Strongest/Weakest Industry Groups

Strongest Industries

% Change

Weakest Industries

% Change
Drugs Wholesale
+5.03%
Home Health Care
-2.81%
Independent Oil & Gas
+4.29%
Resorts & Casinos
-1.95%
General Contractors
+3.93%
Medical Practitioners
-1.64%


Economic
News

GDP (Q3): Actual 3.9%, Consensus 3.1%