The Stock Market is mixed after Fed announced to start tapering as soon as the end of November 2021. “The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus. Investors had long anticipated the move and liked that the Fed did not signal it would be any more aggressive than necessary in raising interest rates once the bond tapering was finished next year.” CNBC
Top stocks moving in premarket:
EVAX – Massive Buying Pressure, the stock is up 241% as of the publication of this article.
PETZ – Up more than 73% in the premarket session.
NPTN – Revenue beats, stocks is up more than 33%
QNST – Meets earnings estimate, stock is up more than 28%