Another whipsaw session for US equity markets as investors digested the latest monetary policy pronouncements from the Federal Reserve and the latest round of corporate earnings releases - Dow down -130-points or -0.38%, unwinding an earlier rally of over >500-points. The broader S&P500 slipped -0.15%. The Nasdaq eked out a +0.02% gain, with Microsoft Corp rising +2.85% following their solid fourth quarter result after the closing bell of Tuesday’s (25 January) session. Netflix Inc rose over >3.5% in after hours trading (following a -1.83% fall in the regular session) after Pershing Square’s Bill Ackman said his firm “recently” purchased more than 3.1M shares in the streaming giant, making it a top-20 holder of the stock. The small capitalisation Russell 2000 lost -1.38%.
