MARKET OPEN: Dovish Fed may cheer markets; eyes on tech heavyweights

Thu, 30 Jul 2020

Domestic investors will likely be cheered by a better night on Wall Street after the US Federal Reserve reiterated its pledge to keep rates low for as long as necessary. The target range for the federal funds rate is 0 to 0.25 percent and the bank's open market committee "expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price-stability goals,” the Fed said in a statement after its two-day meeting. “There was nothing actually new i...

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