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The S&P 500 has hit a new 52-week high, taking out the prior May highs. The DJIA is closing in as well, just 60 points below the 11,670 level hit on May 10th.

While everything seems cheery now, will the Fed decision at 2:15 today spoil the party?

click charts to enlarge

s&p

dow

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Source: S&P 500 Hits New 52 Week High, Dow Close Behind - Will The Fed Spoil the Party?