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SBA Communications Corp. (SBAC) Climbed To A New High For The Year

SBA Communications Corp. (SBAC) climbed until around 1:00PM Wednesday, before profit taking set. The stock still finished higher by 3.31 at $134.08 on above average volume.

SBA Communications rose past the upper end of a 2-week trading range and set a new high for the year.

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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