|Day's range||7,674.04 - 7,779.24|
|52-week range||6,190.17 - 8,133.30|
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 ...
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.
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.
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President Trump said tariffs on Chinese goods might not go away until China complies the terms of the deal.
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“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.
Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling against Bayer's Roundup weed killer. Britain's FTSE 100 was flat at 7,325.
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.
It’s Official: Apple's TV Service Won’t Include NetflixAppleAmerican tech giant Apple (AAPL) is set to hold a special event at the Steve Jobs Theater in Cupertino, California, on March 25. The company is expected to launch its video streaming
Stocks are broadly higher on Tuesday, building on morning momentum. The Dow Jones Industrial Average is up 0.5%, at a recent check, while both the S&P 500 and Nasdaq Composite are 0.4% higher.
Is the SEC Infringing Elon Musk’s Free Speech?SEC versus Elon MuskThe last month has been busy for Tesla (TSLA). During this period, the company launched a $35,000 version of its Model 3 sedan car and a lower-priced SUV—Model Y. In a tweet on
Wall Street stocks rose early Tuesday, continuing an upward trend, following strong economic reports from Germany and Britain. About 10 minutes into trading, the Dow Jones Industrial Average was at 26,044.58, ...