The central bank meets to discuss interest rates and the economy. And everyone hopes they do a better job of explaining their policy.
The blue chips jump 181 after reports on jobless claims and retail sales cheer investors. Friday brings reports on consumer confidence and options expirations.
The markets have had a tough 3 days, with the S&P 500 shedding close to 2% on the back of ongoing concerns about the pace of bond buying by global central banks.
After falling for three straight days, stocks need a reason to move up. A decent jobless claims report could help. So could a benign day for interest rates.
As the economy improves, investors will look beyond the defensive stocks that found favor earlier in the year.
The Dow sells at the open and ends down 117 as investors fret about Japan, interest rates and unrest in Turkey. Expect more ups and downs into next week at least.
Stocks generally are quiet the week after the monthly jobs report. But all the talk about the Fed and interest rates may still push stocks around.
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