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Treasury yields climbed Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled that a rate hike is still on the table at its next meeting, scheduled for December. The yield on the benchmark 10-year Treasury note rose 5.5 basis points on the day to 2.085%, while the 30-year Treasury yield gained 2.9 basis points to 2.881%. Among shorter maturities, the two-year Treasury yield spiked 6.9 basis points on the day to 0.686%. Treasury yields rise when prices fall and vice versa. One basis point is equal to one hundredth of a percentage point.

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From:: Stock Market News

Gold futures fell in electronic trading Wednesday, while oil futures on the New York Mercantile Exchange pared some of their gains after the Federal Open Market Committee left interest rates unchanged but left the door open for a hike at the next meeting in December. Gold for December delivery was at $1,168 an ounce in electronic trading after settling at $1,176.10, up 0.9%, ahead of the announcement. December oil was up $2.52, or 5.8%, to $45.72 on Nymex, ahead of its settlement, but that was down from the $45.95 level it was at before the Fed news.

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From:: Stock Market News

U.S. stocks were trimming gains after the Federal Reserve announced it would keep interest rates unchanged. The S&P 500 , which was up 0.7% before the announcement, was up 11 points, or 0.6%, to 2,077. The Dow Jones Industrial Average was yo 70 points, or 0.4%, to 17,648. The Nasdaq Composite advanced 31 points, or 0.6%, lower at 5,062.

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From:: Stock Market News

WASHINGTON (MarketWatch) – The Federal Reserve on Wednesday left its benchmark short-term interest rate near zero but signaled that a rate hike is still on the table “at its next meeting,” scheduled for December. The central bank acknowledged “the pace of job gains slowed” while at the same time pointing to a continuation of “moderate” economic growth. The central bank also showed less worry about global financial and economic developments hurting the U.S. economy than it did at its September meeting. “In determining whether it will be appropriate to raise the target range at its next meeting,” the Fed said, top officials will reassess progress toward maximum employment and inflation rising toward its 2% target. The vote was 9 to 1, with Richmond Fed President Jeffrey Lacker dissenting for the second meeting in a row. Lacker wants to raise the so-called fed funds rate to 0.25 points.

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From:: Stock Market News

The Russian ruble and Canadian dollar rose against the U.S. dollar Wednesday as U.S.-traded crude oil traded above $45 a barrel. The ruble rose to 63.47 to the dollar, up 3% from 65.43 late Tuesday in New York, according to FactSet data. The Canadian dollar rose to 76.32 U.S. cents, up 1.4% from 75.33 cents Tuesday. West Texas Intermediate crude for December delivery rose $2.35, or 5.4%, to $45.55 a barrel.

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From:: Stock Market News

Ben Fields, the South Carolina police officer who was caught on video throwing a black high-school student onto the floor, was fired,the sheriff of the town said Wednesday. The officer has had a history of excessive force complaints, reports say. The student had refused to leave the classroom at a Columbia, S.C. high school for being disruptive prior to the officer being called in, reports say.

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From:: Stock Market News

Mondelez International Inc. said it had net income of $7.3 billion, or $4.46 per share, in the third quarter, up from $902 million, or 53 cents per share for the same period last year. Adjusted earnings were 42 cents per share versus 50 cents per share in 2014. The FactSet consensus was 41 cents. Revenue was $6.8 billion, down 17.8% from $8.3 billion the year prior. The FactSet consensus was $6.8 billion. The company said it repurchased $3.1 billion in shares through the first nine months of 2015 at an average price of $38.69 and paid $736 million in dividends. Mondelez shares are up 28.3% for the year so far. The S&P is up 0.3% for the same period.

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From:: Stock Market News

The Securities and Exchange Commission barred two brokers at now-defunct Rochdale Securities for giving certain favored clients order information of other clients, which helped the favored customers get better prices and generated extra commissions for the firm. The former co-head of equities trading at Rochdale Securities, Hal Tunick, and his subordinate, Patrick Burke, allegedly defrauded customers by using their order information to advise two longtime customers to “front run” or trade ahead of these orders. Those shares were dumped on the unwitting customers who had placed the original orders. Tunick and Burke perpetrated the scheme, according to the SEC, from at least 2010 to 2012, and earned double trading commissions for the firm: one for executing trades by the favored customer of Tunick or Burke and another for executing the original Rochdale customer order. Tunick agreed to pay a civil penalty of $125,000 and to be barred from the securities industry. Burke agreed to pay a civil penalty of $50,000, disgorgement of commissions plus prejudgment interest, and to be barred from the securities industry with a right to reapply after five years. Tunick and Burke neither admitted nor denied the SEC allegations.

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From:: Stock Market News

Oil prices added to earlier gains Wednesday after the U.S. Energy Information Administration reported an increase of 3.4 million barrels in crude supplies for the week ended Oct. 23. Analysts polled by Platts expected supplies to be up by 1.6 million barrels, while those surveyed by The Wall Street Journal looked for a 3.7 million-barrel rise. The American Petroleum Institute Tuesday said inventories rose 4.1 million barrels, according to sources. Gasoline supplies fell by 1.1 million barrels, while distillate stockpiles declined by 3 million barrels last week, according to the EIA. December crude was at $44.85 a barrel, up $1.65, or 3.8 %, on the New York Mercantile Exchange. Prices traded at $44.53 before the report.

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From:: Stock Market News

One day after Apple Inc. surpassed revenue expectations for the fifth straight quarter on strong iPhone growth in China, industry tracker IDC said Wednesday that overall smartphone shipments missed its expectations for the third quarter. Vendors shipped 355.2 million smartphones worldwide in the third quarter, up 6.8% from 332.6 million a year ago. That was slightly below IDC’s previous forecast of 363.8 million units, which it blamed on slightly lower-than-expected iPhone shipments and higher-than-expected prices for third-party phones operating on Alphabet Inc.’s Android operating system. Despite the miss, IDC said it was the second-best quarter for smartphone shipments in history. Apple’s iPhone shipments grew 22.2% year-over-year to 48 million units, while Samsung’s shipments rose 6.1% to 84.5 million. Shipments from China’s Huawei jumped 61% to 26.5 million.

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From:: Stock Market News