US stocks close lower for the first day in 4

2019-08-20 22:52:34 GMT (Economies.com)
US stocks close lower for the first day in 4

US stocks fell today for the first time in four sessions, due to the uncertainty the surrounds the US economy and the Fed's monetary policy, ahead of the release of its meeting minutes.

 

President Trump said that his administration is considering lowering the income tax to support the US economy growth while calling again on the Federal Reserve to cut interest rates.

 

Trump also said that the trade negotiations with the EU are in favor of the United States, indicating that his administration would get what it wanted, or else their cars would be taxed.

 

The Federal Reserve's July meeting minutes will be released tomorrow, during which the US interest rates were cut by 25-bp for the first time in more than a decade.

 

In the oil market, WTI rose by 0.2% to close at $56.34 a barrel, with a high of $56.6 and a low of $55.2.

 

Brent rose 0.5% to close at $60.03 a barrel, with a high of $60.3 and a high of $58.9.

 

Dow Jones fell by 0.6% or 173 points to close at 25,962 points, with a high of 26,160 and a low of 25,952.

 

Nasdaq shed 0.7% or 54 points to 7,948 points, and hit a high of 8,010 and a low of 7,948 points.

 

S&P 500 fell 0.8% or 23 points to 2,900 points, with a high of 2,923 and a low of 2,899 points.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia