|Day's range||2,812.43 - 2,843.54|
|52-week range||2,346.58 - 2,940.91|
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 S&P 500 and the Dow ended lower Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the Federal Reserve affirmed a dovish monetary policy stance. Fred Katayama reports.
The central bank’s main aim appears to be to do no harm to an economy that Fed Chairman Jerome Powell observed was “in a good place.”
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.
Real estate investment trusts are off to a strong start this year. Here's why their run may continue and why you should add them to your portfolio.
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.
Inc. is cutting the price big clients pay to invest in its largest equity index mutual fund, a bid by the giant money manager to close the gap with cheaper rivals. The move by the world’s largest asset manager is a sign of the relentless pressure Wall Street firms face to lower the prices of their most common stock and bond investments.
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 ...
Federal Reserve Chairman Jerome Powell says rising levels of federal debt are a problem, though not a problem that needs to be addressed immediately. The budget proposal released this month by President Donald Trump envisions four straight years of budget deficits topping $1 trillion, as the overall federal debt load would build. "This is something that we'll have to deal with," Powell said at a news conference.
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.
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.
The S&P 500 pulled back a bit during the trading session on Wednesday, breaking down below the bottom of the shooting star from Tuesday. Ultimately, this is a market that should continue to churn ahead of that announcement.
President Trump said tariffs on Chinese goods might not go away until China complies the terms of the deal.
These Fixed Income Options Could Enhance Your Portfolio in 2019VanEckInvestors that include emerging markets corporate bonds within their fixed income portfolio may gain exposure to favorable long-term growth trends in emerging markets. They may
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 world’s largest money manager cut its fee on its largest stock mutual fund to a fraction of what it was previously, but only for its most well-heeled clients.