Low Expectations Bring High Results

The Dow gained another ten points today - yet another unheard-of precedent. Why a gain when tomorrow is the weekly Fed meeting? Investors have low expections for the Fed - they are not expected to raise rates for the fourth time in a row. GM, on the other hand, rose another 2.8% due to high expections of their quarterly earnings report. And Amazon surged a whopping 24% from high revenue. The S&P rose a small 0.35 today, but the Nasdaq ended down, no thanks to low earnings from Texas Instruments. DJIA: +10.97 Nasdaq: -10.72 S&P 500: +0.36