NEW YORK - Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy.was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline.Economically sensitive transports and smallcaps were outperforming.
Geopolitical turmoil dampened risk appetites in the wake of an aborted mutiny in Russia, which appeared to reveal cracks in Russian President Vladimir Putin's grip on power. Market participants now expect the central bank to raise the Fed funds target rate by another 25 basis points in July, but the path beyond is less clear and dependent on economic data.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putin vs. Wagner: Stocks, dollar calm after Russia mutiny is abortedStocks, dollar hold poise as investors eye Russia developments after shocking Wagner uprising against Putin is called off
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S. stocks open flat as investors assess chaos in Russia after armed rebellion quelledU.S. stock indexes opened lower on Monday after a short-lived armed rebellion in Russia added to uncertainties over geopolitical tensions. The Dow Jones Industrial Average opened nearly flat:
Source: MarketWatch - 🏆 3. / 97 Read more »