The S&P moves toward the highs for the day
The S&P bounces as the Fed floods the market with funds.
The index has moved to a high of 2613.88. The high from the first minutes of trading today reached 2631.05. The close from yesterday was at 2740.
The actions by the Fed are massive but it does not solve what may happen. Nevertheless, it has given the market a reason to rally and the price of the index is still well in the red for the day.
PS. The index is trading at new intraday highs for the day. The price is still down -105 points from the close yesterday.
