|Day's range||25,670.63 - 25,929.52|
|52-week range||21,712.53 - 26,951.81|
Federal Reserve Chairman Jerome Powell said the central bank is not going to "overreact" to fiscal policies as it remains on pause on rate hikes.
The Dow Jones Industrial Average dropped 0.55% to close at 25,745.67. The S&P 500 lost 0.29% to end at 2824.23, and the Nasdaq Composite edged up 0.07% to close at 7728.97.
A dovish Fed should be good news for the market. Instead the Dow finished the day down 142 points. Here are some possible reasons why.
Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded. Bond prices rose sharply after the Fed forecast slower economic growth.
Wall Street finished a volatile session mostly negative on Wednesday after a dovish Federal Reserve signaled it expects no interest rate hikes in 2019. The Dow Jones Industrial Average ended down 0.6 percent ...
Luxury auto maker BMW issued a profit warning Wednesday, sending its shares down 5%. The company blamed China and trade. Here’s what it means for U.S. car companies.
The Dow has dropped 12.10 points, or 0.1%, to 25,899.48, the S&P 500 has risen 0.3% to 2840.70, and the Nasdaq Composite has gained 0.6% to 7772.17. The Fed left rates unchanged, while its dot plot signals no rate hikes in 2019. The Fed also said that the mortgage-backed securities on its balance sheet could be reinvested in Treasuries.
The Fed released its statement announcing it will leave the benchmark fed funds rate unchanged and signaling no increase this year.
US stocks rallied and the dollar retreated Wednesday after the Federal Reserve signaled it expects no interest rate hikes in 2019. The Fed's forecast on 2019 rate hikes was a shift from the prior projection of two interest rate hikes this year and came as the US central bank trimmed its growth forecast. Since the Fed's last meeting, "growth of economic activity has slowed from its solid rate in the fourth quarter," the central bank said.
The lack of any reaction to Boeing’s problems in GE stock illustrates that investors are sanguine, at least so far, about the future of the 737 MAX.
Investing.com - The Dow ended lower as it struggled to hold gains after the Fed's unchanged rate decision and strong signal not to expect many interest-rate hikes for a while.
President Trump said tariffs on Chinese goods might not go away until China complies the terms of the deal.
STOCKSTOWATCHTODAY BLOG Stymied. Stocks are lower midday Wednesday, as the Dow Jones Industrial Average and S&P 500 are down 0.3% in recent trading, while the Nasdaq is off 0.1%. Worries about trade negotiations and the Federal Reserve’s mood are pushing investor sentiment down ahead of the central bank’s statement this afternoon.
“The single most prominent bullish influence on stocks right now is the dovish Fed,” writes one strategist.
Wall Street stocks retreated early Wednesday following mixed earnings as investors awaited a Federal Reserve policy decision. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,768.86, ...
The main stock indexes were flat ahead of the Federal Reserve’s interest-rate announcement, but earnings news moved shares of General Mills and FedEx.
Based on the current price at 25915, the first upside target is a downtrending Gann angle at 25991 and the nearest downside target is the uptrending Gann angle at 25758.
News that China might be backing away from trade promises caused gains from earlier in the day to evaporate. The Dow ended 0.10% lower at 25,887.38, while the S&P 500 slipped 0.01% to end at 2832.57. The Nasdaq Composite eked out a 0.12% gain to close at 7723.95.