Stocks have made an upward turn in recent trade. The move has enabled the Dow and S&P 500 to reclaim gains while the Nasdaq tries to push back into positive territory.
However, airline shares have descended deeper into negative territory. That has left the Amex Airline Index to trade with a 1.1% loss for the session and a 6.5% loss for this week.
US OUTLOOK: Barclays opines the FOMC statement "is unlikely to indicate any change to QE2" and says this will calm European markets. They see "value in positioning for curve flattening rather than taking directional risk."
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