The markets were flat earlier today ahead of the Federal Reserve policy decision, and stocks bounced back and forth between gains and losses after the announcement from the Fed to extend its asset purchase program Operation Twist.
Financials gained after the announcement, led by JP Morgan Chase (JPM) which said it has sold off most of the position which caused major losses for the bank.
Shares of Proctor and Gamble (NYSE:PG) tumbled today, after the company cut its fourth quarter earnings and revenue forecasts, citing unfavorable foreign exchange rates.
Adobe Systems (NASDAQ:ADBE) also lowered its full-year revenue outlook, as the company said demand in Europe has been weak.
More doom and gloom for Research in Motion (RIMM) as the BlackBerry maker begins layoffs as part of its restructuring plan, sending shares sharply lower today.
Walgreen (NYSE:WAG) announced it would acquire nearly half of European pharmacy giant Alliance Boots in a deal worth $6.7 billion.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from ConAgra (NYSE:CAG) and Rite Aid (NYSE:RAD).
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