Stocks breathed a sigh of relief today as the FOMC minutes clearly indicated that the Fed has no plans for immediate interest rate hikes. However, stocks closed mixed on the day with the DJIA as the laggard.
Stocks advanced on the first trading day after the holiday extended weekend. A strong employment report on Friday carried bullish enthusiasm into the new week.
On Tuesday, the Federal Open Market Committee (FOMC) releases the minutes of its last meeting. Read David Goodboy’s take to see what traders should be prepared for.