Market Recap

With huge merger news in the mining sector, and surprising jump in home sales, the market reluctantly ended up in positive territory with Dow up 0.51% and NASDAQ up 0.58%. Everyone is hesitant and waiting for Bernanke's interest rate decision rate on Thursday. If it turns out to be a half point increase instead of a quarter, oh my. I think the market will rally on a quarter point hike as the stock prices have already priced that in.

Consumer Confidence and Existing Home Sale will be the two key indicators to drive the market tomorrow. But similar to today's big merger news, they will be overshadowed by the FOMC decision coming this Thursday.