News Formal

US stocks post a split finish as Fed delivers a rate cut

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK (AFP) - The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday (Sept 18), leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut.. Read more at straitstimes.com.

NEW YORK - The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday , leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut.

But in addressing reporters, Fed Chairman Jerome Powell later reiterated that the central bank was poised to lower rates further if the economy began to weaken. The S&P 500 ended flat at 3,006.71 and, while also well off the session's low point, the tech-heavy Nasdaq was 0.1 per cent lower at 8,177.39.

"Powell handled himself very well during the Q&A. He was very consistent. The market is relieved at that."

 

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

 /  🏆 8. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

New York Fed steps into market to move interest ratesNEW YORK: For the first time in more than a decade, the New York Federal Reserve Bank announced on Tuesday (Sep 17) it was pumping billions of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »