Stocks mixed after Fed leaves rates unchanged

By MarketsFOXBusiness

Fed leaves rates unchanged

FBN's Edward Lawrence breaks down the Fed decision.

Stocks ended the Thursday session mixed as investors digested the Federal Reserve's expected decision to maintain interest rates at their current level. The Fed's statement showed no significant changes from their prior meeting, while policymakers did deliver an upbeat assessment of the U.S. economy.

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TickerSecurityLastChange%Chg
I:DJIDOW JONES AVERAGES26559.54+110.00+0.42%
SP500S&P 5002905.03+4.58+0.16%
I:COMPNASDAQ COMPOSITE INDEX7998.060649+1.98+0.02%

The Dow Jones Industrial Average squeaked out a modest gain led by 3M, Cisco and American Express. As Caterpillar, Exxon Mobil and General Electric slipped.

TickerSecurityLastChange%Chg
MMM3M COMPANY218.88+1.24+0.57%
CSCOCISCO SYSTEMS INC.56.40+0.09+0.16%
AXPAMERICAN EXPRESS COMPANY113.67+1.91+1.71%
CATCATERPILLAR INC.143.36+1.48+1.04%
XOMEXXON MOBIL CORPORATION81.13-0.30-0.37%
GEGENERAL ELECTRIC COMPANY9.35+0.23+2.52%

Traders also digested weekly jobless claims, which fell to 214,000, in line with economists’ expectations. U.S. Oil also slipped into a bear market, falling 20 percent from its highs, on the view more supply will enter the market.

Investors may also have taken a breather after the Dow soared more than 545 points on Wednesday following the midterm elections in which the Democrats took back the House, while the Republicans expanded control of the Senate.

Walt Disney, which is in the process of buying 21st Century Fox's entertainment assets, reported profits of $1.48 per share and revenues of $14.3 billion both of which exceeded analyst estimates. 21st Century Fox is the parent company of FOX Business and Fox News.

TickerSecurityLastChange%Chg
DISWALT DISNEY COMPANY132.45+0.70+0.53%
FOXAFOX CORP.36.48-0.83-2.22%

On Wednesday, U.S. stocks soared with the Dow Jones Industrial Average jumping 545 points, moving above the 26,000 level for the first time in a month. Investors celebrated the outcome of the midterm elections after the predicted "blue wave" did not materialize.

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FOX Business' Ken Martin contributed to this report.