US stocks close slightly lower ahead of Federal Reserve decision

2019-12-10 22:45:50 GMT (Economies.com)
US stocks close slightly lower ahead of Federal Reserve decision

US stocks fell slightly on Tuesday, as the market is closely anticipating the Federal Reserve's monetary policy decision tomorrow.

 

This comes amid the lingering uncertainty over the US-China trade talks, and news that the US and China are close to delaying the next tariffs hike, which is due Dec.15.

 

However, White House economic advisor Larry Kudlow said that the US Dec. 15 tariffs on China are still "on the table" even before their date and could go back into place if no trade agreement is reached.

 

The US Federal Reserve will unveil its interest rate decision on Wednesday, with most forecasts are for holding the rates unchanged within the bank's assessment of the three cuts that were delivered during this year.

 

To the oil market, West Texas Intermediate (WTI) rose by 0.4% and closed at $59.24 a barrel, with a high of $59.4 and a low of $58.5 .

 

Brent rose by 0.1% to $64.34 a barrel, and hit a high of $64.6 and low of $63.7.

 

As for stocks, Dow Jones fell by 0.1% or 28 points to close at 27,881, and hit an intraday high of 27,949 and a low of 27,804.

 

Nasdaq slipped 0.1% or 5 points to 8,616, with a high of 8,650 and a low of 8,600.

 

S&P 500 dipped 0.1% or 3 points to 3,132, and hit a high of 3,142 and a low of 3,126.

 
 
 
  Symbol Last Change Chg.%
1.1090
-0.0030
0.2734%
1.3009
-0.0027
0.2087%
Tadawul
8459.80
27.24
0.32%
18.021
-0.083
0.456%
58.778
-0.410
0.694%
65.02
0.40
0.62%
1556.915
-5.780
0.370%
 
 
US
 
Europe
 
Asia