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US stocks drop after Fed minutes, crypto fall | Malay Mail

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NEW YORK, May 20 ― Wall Street's main indexes closed lower yesterday after minutes from an April Federal Reserve meeting showed participants agreed the US economy remained far from the central bank's goals, with some considering discussions on tapering its bond buying program. The S&P 500...

The Dow Jones Industrial Average fell 164.62 points, or 0.48 per cent, to 33,896.04, the S&P 500 lost 12.15 points, or 0.29 per cent, to 4,115.68 and the Nasdaq Composite dropped 3.90 points, or 0.03 per cent, to 13,299.74.

Strong inflation readings and signs of a worker shortage in recent weeks have fueled fears and roiled stock markets despite reassurances from Fed officials that the rise in prices would be temporary. Volume on US exchanges was 10.70 billion shares, compared with the 10.60 billion average for the full session over the last 20 trading days.

 

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Global stocks end down slightly, yields rise after Fed minutes | Malay MailNEW YORK, May 20 ― Stocks on Wall Street ended down but well off session lows yesterday as minutes from the last US Federal Reserve meeting showed participants agreed the US economy remained far from the central bank's goals. But trading was choppy, with stocks initially extending losses...
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