The stock market rallied in reaction to the FOMC minutes as all of the major averages except the Dow Utilities closed higher for the day. Still, most did close below the day's highs, but the market internals were positive. The NYSE Advance/Decline line closed the day at another new all time high. The sharp drop in crude oil prices hit the energy stocks hard as the SPDR S&P Oil & Gas Exploration (XOP) was down 2.92%, while the Sector Select Energy (XLE) held up better, down just 0.81% on the day....
The stock market rallied in reaction to the FOMC minutes as all of the major averages except the Dow Utilities closed higher for the day. Still, most did close below the day's highs, but the market internals were positive. The NYSE Advance/Decline line closed the day at another new all time high. The sharp drop in crude oil prices hit the energy stocks hard as the SPDR S&P Oil & Gas Exploration (XOP) was down 2.92%, while the Sector Select Energy (XLE) held up better, down just 0.81% on the day....
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