Dow Jones closes higher, recovers from earlier losses

2019-09-18 22:58:05 GMT (Economies.com)
Dow Jones closes higher, recovers from earlier losses

Dow Jones rose as Nasdaq slipped, to mark Wall Street recovery from the losses that were hit after the Federal Reserve's rate decision.

 

The US Federal Reserve cut the interest rates to 2.00%, which is the second cut since 2008, and cut the rates on the excess reserves to 1.80%.

 

Fed Chairman Jerome Powell said that the bank is still ready to cut the interest rates more if necessary, while noting that the US economy and  the labor market are performing well.

 

President Trump did not wait too long, to comment on the decision as he tweeted his disappointment with the decision, as he said about Powell and the Fed "No guts, no sense, no vision", as the Chairman didn't respond to his demands to cut it to zero.

 

In the oil market, WTI fell by 2.1% to close at $58.11 a barrel, with an intraday high of $59.4 and a low of $58.02.

 

Brent fell by 1.5% to $63.60 a barrel, with a high of $64.9 and a low of $63.4.

 

Dow Jones rose by 0.1% ot 36 points to close at 27,147 points, with a high of 27,161 and a low of 26,899.

 

S&P 500 held at 3,006 points, with a high of 3,007 and a low of 2,978.

 

While Nasdaq shed 0.1% or 8 points to close at 8,177 points, with a high of 8,179 and a low of 8,078.

 
 
 
  Symbol Last Change Chg.%
1.1163
-0.0003
0.0309%
1.2976
0.0024
0.1857%
17.704
0.159
0.906%
53.348
-0.359
0.669%
58.82
-0.59
0.99%
1491.200
1.045
0.070%
 
 
US
 
Europe
 
Asia