Investors who might have expected the Fed to make even a minor policy change were let down Wednesday by the central bank's inaction.
Outlook
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Stocks tend to post gains toward the latter part of election years. That may make the case for a potential rally in August and September.
Strategists are more bearish on stocks than at any point in the past 27 years, according to the latest Merrill Lynch quant research, providing a 'buy' signal.
Returns have been rebounding from multi-decade lows in the last couple of years and are now up to 51.9%.
An earlier-than-expected launch of the next iPhone could give Apple an unexpected September quarter boost, relative to low analyst expectations.
Defensive stocks have had a big run since May, but now is not the time to buy them, says Bill DeShurko, manager of the Dividend and Income Plus model.
Analysts pitched a three-way debate about the fate of U.S. Steel ahead of its earnings report Tuesday morning, spanning fundamentals, technicals and options.
Groupon shares hit new lows this week before rebounding. But they do not warrant a buy amid potentially new accounting concerns, manager Barry Randall says.