Dow Jones falls below 36,000 in early trading

2022-01-11 17:15:34 GMT (Economies.com)
Dow Jones falls below 36,000 in early trading

Most of the US stocks fell in early trading on Tuesday, amid anticipation of Federal Reserve Chairman Jerome Powell's testimony.


Fed officials recently stressed that they expect to start raising interest rates by the next March meeting.



Powell will testify before the US Congress on monetary policy, economic developments, the labor market, and the inflation rate.



The Federal Reserve meeting minutes showed discussions between members in December about the possibility of accelerating rate hikes to counter the mounting inflationary pressures.



As for stocks, Dow Jones fell 0.5% or 180 points to 35,888 points as of 15:27 GMT, S&P 500 fell 0.3% or 12 points to 4,657 points, and Nasdaq rose 0.2% or 30 points to 14,973 points.

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
US
 
Europe
 
Asia