Mississauga, ON -- (SBWIRE) -- 07/25/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Soligenix Gets Additional Funding For OrbeShield."
Companies mentioned in this article include iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) and Soligenix Inc. (OTCBB:SNGX).
U.S. equities have begun the week on a disappointing note, with all three major indexes down sharply. Market participants are cautious ahead of the Federal Reserve's monetary policy meeting, which kicks-off on Tuesday.
While the Fed is not expected to make any changes to its monetary policy at the meeting, what the market is keenly waiting for is the Fed statement. The statement is likely to provide hints on when the Fed plans to hike rates. The strong jobs report for the month of June has meant that a rate hike towards the end of this year is now a possibility. However, in the wake of Brexit and concerns over the state of Italian banks, it is likely that the Fed will remain dovish. That augurs well for risk assets such as equities and especially the biotechnology sector.
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