Wall street is anxious about todays Federal Reserve potential action that will outline it's decision on interest rates.
As soon as the news is out, it will be here.
In other biotech news, DNDN fell like a stone in today's trading, down 61% after the FDA requested additional data. I will update that news as well after market close.
Nasdaq is currently down 4.5 while the DOW is up 19.75.
The biotechnology index is down 0.5%.
UPDATE 11:30am PST---The Federal Reserve decided not to raise a key interest rate today. The funds rate will remain unchanged (the rate which banks charge each other) at 5.25%. Stocks intially retreated after the news, but have rallieda bit in afternoon trading.
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