The major indexes failed to make any major moves on Tuesday despite the S&P 500 making a new all-time high. In fact, the broad index traded in a range of just 0.4% on the day.
Strong earnings from pharmaceuticals such as Merck and Pfizer initially helped lift the S&P 500 to an all-time high. However, disappointing results from Google-parent Alphabet offset some of that optimism. Investors also seemed reluctant to make any big moves before the Fed's announcement on Wednesday.Shares of food-ordering service GrubHub plummeted more than 43% on the back of
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Not as bad as 90 years ago.....
One should be wary of markets that rely so heavily on regular feeding from the interest rate tit - - -
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