US: Stocks retreat as markets await Federal Reserve decision

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

US: Stocks retreat as markets await FederalReserve decision

Wall Street stocks finished lower on Tuesday as the Federal Reserve opened a monetary policy meeting amid strong consumer data and more White House pressure to cut rates.[NEW YORK] Wall Street stocks finished lower on Tuesday as the Federal Reserve opened a monetary policy meeting amid strong consumer data and more White House pressure to cut rates.

The broad-based S&P 500 declined 0.3 percent to 3,013.18, while the tech-rich Nasdaq Composite Index dropped 0.2 per cent to 8,273.61.US consumer confidence in July rebounded strongly as survey respondents reported robust labour and business conditions and increased optimism, according to the Conference Board.

The better economic data means"the uncertainty surrounding the central bank's future policies has increased," said Gorilla Trades strategist Ken Berman.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

US stocks retreat as markets await Fed decisionNEW YORK: Wall Street stocks finished lower on Tuesday (Jul 30) as the Federal Reserve opened a monetary policy meeting amid strong consumer data ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Australia: Stock market reaches all-time high[SYDNEY] The Australian stock market hit a new record high on Tuesday, with its benchmark share index climbing to 6,874 points on Tuesday morning. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »