Stocks Rise Ahead of Fed Decision




TheStreet TV show

Summary: U.S. stocks traded higher on Wednesday, Dec. 13 as investors anticipated the latest monetary policy from the Federal Reserve. Shares of Finisar Corp. soared some 30% after Apple Inc. invested $390 million in the laser chipmaker. Finisar is Apple's second-largest supplier of the laser technology that Apple uses for facial-recognition capabilities in the iPhone X. Target Corp. stock jumped after purchasing tech startup Shipt for $550 million on Wednesday. The retailer expects to be able to offer same-day delivery at about half of its 1,800 stores by next summer. The full rollout will hit all of its stores by next year's holiday season. Watch More with TheStreet: 5 Times Elon Musk Was Absolute Magic on Twitter: Video Jim Cramer Reveals DowDuPont as One of His Favorite Stocks Many U.S. States Fail at Teaching High School Students About Money (Podcast) Here's How to Use Bitcoin to Buy Real Estate