Investors to interpret policy makers' comments on economy, consider Boeing's 2Q results.
The Fed's signal that interest rates will stay low for awhile, as well as Boeing's third-quarter earnings, will help guide investors through at least the early portion of Wednesday's session.
At 5:55 a.m. ET, futures pointed to a lower start for the major indexes.
The Fed said that while there are signs of new strength in the economy, there's still a fear that already low inflation will continue and worsen. So, at Tuesday's meeting, policy makers agreed to keep rates at 45-year lows and said that rates would remain low for as long as possible.
The Fed's comments helped cheer Wall Street in a big way. The Dow Jones industrial average. gained 1.5 percent, while the Nasdaq composite index was a whopping 2.6 percent higher (see chart for details).
Asian-Pacific stocks. European. (Check the latest on world markets)
Among U.S. stocks trading in Europe, Boeing (BA: Research, Estimates) fell slightly. The aerospace manufacturer, relegated to No. 2 in the world, is expected to report second-quarter earnings Wednesday of 25 cents a share, down from 46 cents a year earlier, according to a consensus of analysts surveyed by First Call.
Treasury prices fell in early trading, sending the 10-year note yield up to 4.21 percent from 4.18 percent late Tuesday. The dollar fell against the yen and euro.
Brent oil futures rallied 29 cents to $28.23 a barrel in London.
The Fed's signal that interest rates will stay low for awhile, as well as Boeing's third-quarter earnings, will help guide investors through at least the early portion of Wednesday's session.
At 5:55 a.m. ET, futures pointed to a lower start for the major indexes.
The Fed said that while there are signs of new strength in the economy, there's still a fear that already low inflation will continue and worsen. So, at Tuesday's meeting, policy makers agreed to keep rates at 45-year lows and said that rates would remain low for as long as possible.
The Fed's comments helped cheer Wall Street in a big way. The Dow Jones industrial average. gained 1.5 percent, while the Nasdaq composite index was a whopping 2.6 percent higher (see chart for details).
Asian-Pacific stocks. European. (Check the latest on world markets)
Among U.S. stocks trading in Europe, Boeing (BA: Research, Estimates) fell slightly. The aerospace manufacturer, relegated to No. 2 in the world, is expected to report second-quarter earnings Wednesday of 25 cents a share, down from 46 cents a year earlier, according to a consensus of analysts surveyed by First Call.
Treasury prices fell in early trading, sending the 10-year note yield up to 4.21 percent from 4.18 percent late Tuesday. The dollar fell against the yen and euro.
Brent oil futures rallied 29 cents to $28.23 a barrel in London.
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