Stocks end mixed after Fed notes progress on the economy

The Standard & Poor’s 500 index slipped less than 0.1% after giving up a brief afternoon gain. The Dow Jones industrial average fell 0.4%, while the Nasdaq composite rose 0.7%. The yield on the 10-year Treasury note held steady at 1.23%.

The Fed also noted that vaccinations were helping the economy, but it dropped a sentence in its statement that it had included after its previous meeting that said those vaccinations have reduced the spread of COVID-19. That was the only reference to the delta variant that has caused a surge in COVID-19 cases in several hotspots in the United States and many other countries.

The S&P 500 slipped 0.82 points to 4,400.64. The benchmark index remains within 0.5% of the all-time high it set Monday. The Dow lost 127.59 points to 34,930.93, while the Nasdaq rose 102.01 points to 14,762.58. “Maybe the worry was that the Fed would sound more hawkish and raise rates, which would have more of an adverse impact on small-caps, which have to borrow more than large-caps,” Stovall said.

What happened to the collapse of the economy, that was going to take place if Trump wasn’t re-elected

horrible

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stock futures mixed as investors weigh up big tech earnings, wait for Fed outcomeStock futures traded mixed ahead of a Fed decision, and after major indexes snapped five-day winning streaks. good
Source: MarketWatch - 🏆 3. / 97 Read more »

Santoli’s Tuesday market notes: Stocks wobble amid Big Tech earnings, key Fed meetingNew for subscribers: Santoli’s Tuesday market notes: Stocks wobble amid Big Tech earnings, key Fed meeting. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »

Wall St drops as caution rises before big tech earnings, FedU.S. stocks fell on Tuesday and the Nasdaq was on track for its biggest daily drop since mid-May as investors were cautious ahead of results from top tech and internet names and Wednesday's Federal Reserve announcement.
Source: Reuters - 🏆 2. / 97 Read more »

Chinese stocks in tentative bounce, Fed in no hurry to taperAsian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares. thanks
Source: Reuters - 🏆 2. / 97 Read more »

European markets set for mixed open as investors digest major earnings, await Fed decisionEuropean markets are set for a muted open on Wednesday amid a busy day for key corporate earnings, while investors await a key policy announcement from the Fed. good
Source: CNBC - 🏆 12. / 72 Read more »