Dow closes on a low, wipes gains of 4-session rally

Economies.com
2019-03-19 20:56PM UTC

Most of the US stock indexes closed at the end of trading today, wiping the gains recorded earlier in the session, because of concerns of the officials of the administration of Donald Trump on negotiations with China.

 

Bloomberg quoted sources as saying that US officials were wary of China's non-compliance with the commitments made in the trade talks, which could harm Trump when running for presidency again next year.

 

On the other hand, the Federal Reserve meeting began today and continues until tomorrow, resulting in an interest rate decision. The decision will be followed by a press conference by federal Bank chairman Jerome Powell.

 

The interest rate is expected to remain unchanged as the central bank recently announced a policy of patience until clarity in the US economy, which shows signs of slowing down this year.

 

In the oil market, US West Texas crude fell 0.1% to close at $59.03 a barrel, and a session high of $59.5 with the lowest price at $58.6 .

 

In contrast, Brent rose 0.1% to $67.61 a barrel, hitting a record high of $68.2 and a low of $67.1.

 

At the close of the session, Dow Jones fell 0.1% (26 points) to 25887 points, with the index highest at 26109 points and the lowest at 25815 points.

 

Standard & Poor's stabilized at 2,832 points - near the closing level of the last session - with the highest at 2852 points and the lowest at 2823 points.

 

Nasdaq rose 0.1% to 9,724 points, reaching a high of 7768 points and a low of 7699 points.

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