News Formal

Wall Street stocks fall as markets weigh strong wage data, Fed meeting

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Wall Street News

Us Stocks

NEW YORK, May 1 — US stocks ended lower yesterday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal...

NEW YORK, May 1 — US stocks ended lower yesterday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal Reserve policy meeting to decide the direction of interest rates.

The reports came a day before the Federal Reserve Open Market Committee ends its two-day meeting, with investors widely expecting the central bank to leave interest rates unchanged. “But nothing has changed: growth is still strong, labour markets are holding up, and ultimately we’re taking a little bit of breather in the disinflation process,” Melson added.

Shares of GE HealthCare shrank after its first-quarter revenue missed analyst estimates, 3M gained after posting a better-than-expected quarterly profit.

 

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:

 /  🏆 1. in US

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.

Wall Street stocks finish higher as investors focus on Fed movesNEW YORK, April 30 ― US stocks ended higher yesterday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say...
Source: malaymail - 🏆 1. / 86 Read more »