Planes, Earnings, the Fed...Oh My!

The market started low this morning, thanks to disappointing earnings from Alcoa. Then there was a mid-day comeback early this afternoon. Then the Fed meeting, where officials announced a nagging concern about inflation and that rates just might go up again. And finally, the plane crash. A small airplane, owned by Yankee's pitcher Corey Lidle, crashed into a New York highrise, possibly killing the player and one other. All these factors combined gave traders a scare, and the markets ended slightly down today. On the lighter side, Google has apparently struck gold with YouTube. Now MySpace wants to expand their relationship with Google, too. And the anty for Harrah's has been upped once again - it now sits at $83.50 per share. This should be an interesting purchase to watch! DJIA: -15.04 Nasdaq: -7.16 S&P 500: -3.47