On this day after that historic rally in the markets, sparked by the Federal Reserve`s decision to begin winding down its economic stimulus measures. Stocks struggled to hold on to those hard won gains of yesterday, but some of them did. Trading remained in a pretty narrow range all session long, with investors shrugging off disappointing data about jobless claims and existing home sales.
But the Dow did gain just enough to reach an all-time closing high, now on track for its best week in three months.
So, what does the taper mean for stocks, treasuries, gold and oil? The Fed`s pull back in its bond-buying program is affecting investments in just about everything. It`s also impacting stock sectors in different ways.
Jackie DeAngelis reports.