US stocks near flat as market digests Fed update | Malay Mail

NEW YORK, June 17 — Wall Street stocks hovered near the flat-line early today as investors digested the Federal Reserve’s latest policy statement and the unexpected rise in jobless claims last week.

Meanwhile, after six weeks of declines, new US jobless claims rose to 412,000, seasonally adjusted, in the week ended June 12, which was 37,000 more than the previous week, the Labor Department said.The broad-based S&P 500 was essentially flat at 4,222.49, while the tech-rich Nasdaq Composite Index gained 0.3 per cent to 14,084.23.

But Powell also stressed the Fed will be willing to act if needed to contain inflation, though policymakers are not looking at an interest rate hike as the first step.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

US stocks little changed ahead of Fed decision | Malay MailNEW YORK, June 16 — Wall Street stocks tread water early today as markets awaited a Federal Reserve decision and an update of the central bank’s view on inflation. The Fed is widely expected to maintain its current accommodative stance, but “market participants will be eager to go through...
Source: malaymail - 🏆 1. / 86 Read more »