A Stagnant Week for U.S. Equities

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The Federal Open Market Committee (FOMC) hiked rates 25 basis points (bps) in another stagnant week for U.S. equities. The S&P 500, Nasdaq and Dow Jones each ticked up slightly. Gold strongly jumped in reaction to the FOMC announcement, oil was down for the period. The 10-year U.S. Treasury yield closed at approximately 2.50%.

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