Dow drops for fifth straight day as US stocks open lower | Malay Mail

NEW YORK, June 18 — Wall Street stocks opened lower today, with the Dow falling for the fifth straight session, as markets continued to shift bets in anticipation of US monetary policy changes.

Analysts pointed to comments from St. Louis Federal Reserve President James Bullard predicting a first interest rate hike in late 2022 as a factor in Friday’s early losses. Bullard told CNBC that “I think it’s natural that we’ve tilted a little bit more hawkish here to contain inflationary pressures.”

The remarks came after Fed officials on Wednesday moved up their forecasts for raising interest rates. Banks and petroleum companies have been among the sectors under pressure this week, while technology shares have done comparatively well as investors take profits on the winners thus far in 2021.The broad-based S&P 500 fell 0.8 per cent to 4,189.12, while the tech-rich Nasdaq Composite Index declined 0.4 per cent to 14,105.40. — AFP

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: malaymail - 🏆 1. / 86 Läs mer »

Carsome weighing US listing, SPAC merger | Malay MailKUALA LUMPUR, June 18 — Carsome Sdn, an online used car platform in South-east Asia, is weighing going public in the US in a deal that would make it Malaysia’s first unicorn, according to people with knowledge of the matter. The startup is working with advisers and is seeking a valuation of...
Källa: malaymail - 🏆 1. / 86 Läs mer »