US stocks close mixed with Jackson Hole forum in focus

Economies.com
2019-08-22 22:12PM UTC

US stocks showed a mixed performance today as markets focus shifted to the Jackson Hole meetings.


Boeing stock rose by 4.2% to $354.4, with a high of $356.4 and a low of $341.


Uncertainty is still dominating the global markets, especially the US bonds yield curve inversion on Wednesday.


The Federal Reserve meeting minutes revealed a divsion between its members on the interest, as some preferred a half a point cut and other didn't want a cut.


Trump criticized the Fed due to its lack of vision, and called for a big rate cut to help in the economic growth, while defending his trade war decisions.


In the oil market, WTI fell by 0.6% and close at $55.35 a barrel, with a high of $56.4 and a low of $54.8.


Brent fell by 0.6% to $59.92 a barrel, with a high of $60.8 and a low of $59.4.


Dow Jones rose by 0.2% or 49 points to close at 26,252 points, with a high of 26,388 and a low of 26,099.


Nasdaq fell by 0.3% or 29 points to 7,991 points, with a high of 8,048 and a low of 7937.


S&P 500 closed at 2922 points, with a high of 2,939 and a low of 2,904.


Investors are anticipating several Fed members' remarks in addition to other bankers on the monetary policy and the trade war topics.

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