Stocks steadied Wednesday as the immediate fallout from the inconclusive Italian elections faded and investors cheered the Fed’s stance on money policy.
North American stocks were mixed as U.S. government data showed that aside from transport equipment, durable-goods orders in January jumped the most in a year.
The TSX was flat, easing 2.37 points to 12,658.07, while the Venture exchange added 0.11 points to 1,132.02.
Beer lovers across the U.S. have accused Anheuser-Busch Inbev Sa/Nv (NYSE: BUD, Stock Forum) of watering down its Budweiser, Michelob and other brands, in class-action suits seeking millions in damages. The suits, filed in Pennsylvania, California and other states, claim consumers have been cheated out of the alcohol content stated on labels. The stock rose 1% to $92.72.
The Dow was up 37.30 points to 13,937.43 and the Nasdaq rose 6.931 points to 3.136,58.
Gold prices dropped $10.01 to $1,603.76, while the price of silver was off $0.317 to $29.08.