Dow Jones hold with focus on Fed's statements

Economies.com
2021-09-08 14:19PM UTC

Most of US stocks indices fell on Wednesday, amid concerns over the coronavirus, and after Federal Reserve officials statements about the monetary policy.

 

St Louis Fed President James Bullard said that the central bank should press ahead with a plan to dial down its massive pandemic stimulus programme.

 

This comes amid concerns over the coronavirus pandemic, especially after the new highly transmissible delta strain emerged, which sparked worries over the global economic recovery.

 

Goldman Sachs slashed its US economic growth forecast in 2021 to 5.7% due to concerns over the delta variant and the possibility of anther lockdown restrictions.

 

As for stocks, Dow Jones rose 0.1% or 23 points to 35,123 as of 14:16 GMT, and S&P 500 held at 4,520, while Nasdaq fell 0.3% or 42 points to 15,332.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...