Yellen fires starting gun on the end of QE

The big expectation is that the Fed will slowly be starting to unravel a $4.5 trillion grouping of bonds as well as other assets through an asset purchase program.

The Russell 2000 is up 13.71 points, or 1 percent.

Adobe fell 4 percent after the Photoshop maker's revenue forecast came in line with estimates.

Best Buy fell 8 percent after the No. 1 USA electronics retailer forecast fiscal 2021 adjusted earnings well below Wall Street estimates.

ASIA'S DAY: Japan's benchmark Nikkei 225 added almost 2.0 percent to finish at 20,299.38, coming off a national holiday on Monday. The Dow Jones industrials added 41 points, or 0.2 percent, to 22,412. The Fed believes inflation will remain below the bank's 2 percent target until 2019.

"Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the 2 percent objective over the medium term", the central bank said in its statement.

Kraft Heinz fell 1.8 percent and NRG Energy lost 1.5 percent. Yellen gives a stock answer about the need to tighten gradually now to avoid a rushed rise in interest rates in the future. Bank of America rose 1.4 percent.

Japanese dealers returned from a three-day weekend Tuesday and picked up the baton, sending the Nikkei two percent higher with exporters buoyed by the dollar's push towards 112 yen.

Pfizer was up more than 1 percent after Morgan Stanley upgraded stock to "overweight".

In corporate news, Toshiba has swung back to favoring a consortium backed by Western Digital - a US data company also involved in a joint venture with the Japanese conglomerate - for the sale of its memory chip unit, Reuters reported.

The Standard & Poor's 500 index was up a fraction of a point at 2,507.

Canadian government bond prices were little changed across the yield curve, with the two-year flat to yield 1.558 per cent and the 10-year rising 1 Canadian cent to yield 2.093 per cent.

Stocks are narrowly higher in early trading on Wall Street as investors wait to hear from the Federal Reserve. ConocoPhillips gained 1.3 percent.

The greenback was just 0.1 percent lower at 111.47 yen JPY= , below its eight-week peak of 111.87 set earlier on Tuesday.

The Nasdaq Composite added 6.68 points, or 0.1 percent, to 6,461.32, also squeaking out a record closing high, slightly above its September 13 close.

OIL: Benchmark U.S. crude rose 59 cents to $50.49 per barrel on the New York Mercantile Exchange. Bank loans to businesses, which grew by an average of about 10 percent year-over-year for the past five years, have leveled out this year.

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21 September 2017
Forex - Dollar Climbs Against Other Majors on Fed Statement
The S&P 500 gained two points, or 0.06%, to 2,508, clocking its sixth record closing high in the last seven sessions. FOMC members' median forecast is for GDP of 2.4 percent this year and for it to hover around 2 percent through 2020.

21 September 2017
Lampard: Man Utd are certain Premier League title contenders
Chelsea will compete with Manchester United and Manchester City for the Premier League title, claims ex-Blues star Craig Burley. The west London club made their return to the Champions League last week with a 6-0 thrashing of Qarabag at Stamford Bridge.

21 September 2017
Bandai Namco Releases Story Teaser Trailer For Dragon Ball FighterZ
Hopefully this will be a fairly rich story mode that will please fans of the show and manga. Now the trailer itself isn't much more than a collection of short cinematics.

21 September 2017
The Baidu Inc (BIDU) Now Covered by Analysts at Benchmark Co
Jefferies Group LLC reiterated a buy rating and set a $208.00 price target on shares of Baidu in a report on Saturday, July 22nd. Edgepoint Investment Group Inc. holds 2.29% of its portfolio in Carpenter Technology Corporation for 3.77 million shares.

21 September 2017
Cookson ousted as Frenchman takes over as world cycling president
The delegates who voted comprised 15 from Europe, nine each from Africa, the Americas and Asia, plus three from Oceania. Cookson had hoped to be voted in for a second four-year term during the UCI congress in Bergen, Norway, on Thursday.

21 September 2017
Major Averages Set Record Highs Ahead Of Fed Announcement
US data showing domestic home construction fell for a second straight month in August weighed on the dollar index earlier. Chemical stocks also saw some strength on the day, while weakness was visible among biotechnology and healthcare stocks.

21 September 2017
Applied Materials (AMAT) Given Daily Coverage Optimism Rating of 0.32
More interesting news about Applied Materials , Inc. (AMD), Tesla Inc (TSLA) and ..." with publication date: "September 19, 2017. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock.

21 September 2017
Terror can not be justified: India makes it clear at SCO meet
She also reiterated India's committed to Paris climate pact in a meet on climate change. Kyrgyz foreign minister Erlan Abdyldayev was also in attendance.

21 September 2017
Drax appoints CFO Will Gardiner as new CEO
Gardiner said he was thrilled to step up during a period of "unprecedented change" in the energy sector. Shares in Drax were down 0.2% at 309.80 pence at the start of trading Thursday.

21 September 2017
FCA recalls HD pickups, chassis cabs over potential engine compartment fire
Fiat Chrysler says a water pump bearing can overheat under certain conditions, potentially leading to an engine fire. FCA US is unaware of any related injuries, accidents, warranty claims or complaints.