For the second time in the last year or so, the WSJ has floated a story about possible Fed intervention while the market was open, something that is very rare. The S&P 500 rallied 10 points in the final forty-five minutes of trading. This text below was posted on the WSJ’s blog before the close:
Here comes another QE-rally. Stocks are bouncing off session lows in the final trading hour after WSJ’s Jon Hilsenrath is reporting Fed officials are moving closer to taking new actions if the labor market and economic growth don’t pick up soon.
Apple is down roughly 5% in the after-hours session after announcing earnings.