US stocks declined on Wednesday after the Federal Reserve left key interest rates unchanged, but said it could hike rates again this year. The US central bank also revised economic projections higher with a warning that battle against inflation was far from over. The S&P 500 lost 42.02 points, or 0.95%,Read More →
US stocks dipped on Tuesday as investors are bracing for Federal Reserve’s monetary policy decision, to be announced on Wednesday. It is widely anticipated that the US central bank will leave key interest rates unchanged. The S&P 500 lost 9.84 points, or 0.22%, at 4,443.69 points. The Nasdaq Composite fellRead More →
US stocks closed flat on Monday ahead of the Federal Reserve’s decision on key interest rates due on Wednesday. The S&P 500 gained 3.26 points, or 0.07%, at 4,453.58 points. The Nasdaq Composite added 1.99 points, or 0.01%, at 13,710.32. The Dow Jones Industrial Average rose 5.79 points, or 0.02%,Read More →
In the week ahead on Wall Street, the major focus of stock market investors will be on the Federal Reserve’s interest rate policy meeting. The Fed rate decision will be released on September 20 and Chair Jerome Powell will address the press conference on the monetary policy. The US centralRead More →
US stocks dipped on Tuesday, weighed down by rising treasury yields and higher oil prices. The S&P 500 lost 18.97 points, or 0.42%, at 4,496.8. The Dow Jones Industrial Average fell 195.61 points, or 0.56%, at 34,642.1. The Nasdaq Composite dropped 10.86 points, or 0.08%, at 14,020.95. Technology stocks gained,Read More →
In the week ahead on Wall Street, stock market investors will closely watch the key economic reports that include factory orders data, initial jobless claims, and consumer credit data. On Monday, the US stock market will remain closed for a public holiday on account of Labor Day. During the week,Read More →
US stocks ended mixed on Thursday after inflation and weekly jobless data. Investors are keenly awaiting employment data due on Friday for clues on the Fed’s monetary policy outlook. The S&P 500 lost 7.21 points, or 0.16%, at 4,507.66. The Dow Jones Industrial Average fell 168.33 points, or 0.48%, at 34,721.91. TheRead More →
US stocks rose on Wednesday after latest GDP data hinted at pause in interest rate hike. The S&P 500 rose 0.38% at 4,514.87 points. The Nasdaq gained 0.54% at 14,019.31 points. The Dow Jones Industrial Average added 0.11% at 34,890.24 points. Data on gross domestic product (GDP) showed that the US economy expandedRead More →
On Wall Street in the week ahead, focus of investors will be on key economic data reports which include jobs data for August, data on consumer confidence for August, pending home sales for July, and ISM manufacturing data for August. The US non-farm payrolls report for August will be releasedRead More →
U.S. stock investors are bracing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting and worries over a possible government shutdown during a month of historically muted equity performance. In Septembers since 1945, the S&P 500 has declined an average of 0.7%,Read More →
