The Closing Look

Stocks opened lower but closed mixed on Wednesday after the Fed reiterated its easy money stance and investors digested a slew of earnings data. Separately, Crude oil hit a fresh high for 2016 which helped a slew of energy stocks continue to rally. On the economic front, pending home sales came in at 1.4%, beating estimates for 0.5%. At 2pm EST, the Fed concluded their latest meeting and reiterated their market-dependent and cautious stance.

Gary’s Thoughts: Do we have to say again…commodities still. Facebook nice gapper for the morning coming.