[ad_1] NEW YORK: Wall Street stocks shrugged off the latest Federal Reserve interest rate hike on Wednesday, finishing little-changed after a choppy session. The Dow Jones Industrial Average ended 0.2 percent higher at 35,520.12.The broad-based S&P 500 slipped less than 0.1 percent to 4,566.75, while the tech-rich Nasdaq composite Index dipped 0.1 percent to 14,127.28. … Read more
[ad_1] WASHINGTON: A united US Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to tighten policy further, according to meeting minutes released on Wednesday.While “some participants” … Read more
[ad_1] Traders on the floor of the NYSE, June 29, 2023. Source: NYSE The Dow Jones Industrial Average inched lower Wednesday as Wall Street resumed a holiday-shortened week and looked to Federal Reserve meeting minutes coming in the afternoon. The 30-stock average lost 57 points, or 0.2%. The S&P 500 and Nasdaq Composite each shed … Read more
[ad_1] Last Updated: July 05, 2023, 02:13 IST New York, United States of America (USA) Previous flare-ups also benefited the U.S. dollar, reducing demand for gold. Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 a.m. EDT (1331 GMT), with trading volumes likely thinned by a U.S. holiday Gold prices edged higher on Tuesday … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters The Dow Jones Industrial Average on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was close to done … Read more
[ad_1] Last Updated: May 19, 2023, 23:46 IST Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP Photo) All three major U.S. stock indexes turned red as Powell said the central bank has not made any decisions about whether rates are “sufficiently … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on February 14, 2023 in New York City. Spencer Platt | Getty Images Stock futures edged higher Sunday evening as Wall Street came off a winning week and investors continued to follow the troubling bank sector. Futures tied to the Dow Jones … Read more
[ad_1] WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation.“It definitely brings us closer,” Kashkari said. “What’s unclear for us is how much of these banking stresses are … Read more