Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 27, 2010

Wednesday

Well, it seems today has been a day of anticipation as far as news goes! Steve Jobs finally unveiled Apple's highly anticipated new product, the iPad, a competitor for Amazon.com Inc.'s Kindle among other e-readers. Also, many people, including investors, are anxiously awaiting what tonight's State of the Union Address will hold. As far as the market goes, financial stocks led a late rebound in the broader market, helped by the Federal Reserve's decision to leave interest rates near zero. Major indexes initially dipped but then rallied to new highs following the Fed rate committee's mid-afternoon policy announcement. In other markets, the dollar strengthened against both the euro and the Japanese yen. DJIA +41.87, Nasdaq +17.68, S&P 500 +5.33.