Wall St falls as investors assess more data, earnings; Fed meet in focus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Wall Street's main stock indexes dipped in choppy trading on Tuesday in the run-up to the Federal Reserve's monetary policy meeting, while investors assessed the latest batch of earnings reports and parsed through more economic data.

was a big drag, down 3.7% after a report said U.S. curbs could force the chip designer to cancel billions of dollars of orders to China.fell 6.3% as the company's dealer inventories rose and a large order backlog shrank, indicating that equipment demand is starting to slow. Drugmaker

"The slightly stronger increase in the employment cost index in the third quarter is another sign that the earlier rapid easing in labour market conditions may be fading," said Andrew Hunter, deputy chief U.S. economist at Capital Economics. The Fed kicks off a two-day monetary policy meeting on Tuesday. At the end of the meet the central bank is widely expected to hold interest rates steady, according to the CME Group's FedWatch tool.

Along with earnings, a slew of labor market data throughout the week will also be in focus, culminating in Friday's non-farm payrolls report, for further clues on the strength of the U.S. economy.slumped 45.9% as the drug developer's muscle disorder gene therapy failed in a late-stage trial. Shares of Sarepta's client, Catalent

 

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:

 /  🏆 2. in NG

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.

Wall Street’s ‘Hell Week’ with Fed, earnings, jobs data and Treasury funding on deckWall Street will need to pass a series of stern tests this week if it wants to keep hopes of an end-of-year rally alive.
Source: startelegram - 🏆 248. / 63 Read more »

Apple earnings, Fed decision and jobs data top Wall Street week aheadInvestors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Source: FoxBusiness - 🏆 458. / 53 Read more »