Morning Coffee Break – Thursday March 21 With no significant impact from the Federal Reserve’s two day meeting and statement the S&P 500 is coming off its largest gain in over two weeks. The crisis over in Cyprus hasn’t even deterred the U.S. equities from moving higher.
Chesapeake Energy Corporation (CHK, quote) announced today it plans to offer $2.3 billion of senior notes in order to help fund a tender offer worth about $938 million in outstanding senior notes.
Looking at the iShares Silver Trust (SLV, quote) ETF from the viewpoint of a technical standpoint the SLV is testing its previous high
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