US stocks keep gains after Fed meeting minutes

2019-08-22 00:25:46 GMT (Economies.com)
US stocks keep gains after Fed meeting minutes

US stocks closed higher and kept their gains today after the release of the Federal Reserve's meeting minutes.

 

US President Trump said today "he is doing great with China and other trade deals," and renewed his requests for the Fed to cut interest rates, while saying that it is the main cause behind the economy slowdown.

 

The US Congressional Budget Office estimated that the US household income will fall by $600 billion by the next year.

 

During the Fed last meeting some members saw the need to cut rates by 50 basis points, while others preferred not to cut at all.

 

In the oil market, WTI fell by 0.8% to close at $55.68 a barrel, with a high of $57.1 and a low of $55.5 .

 

Brent rose 0.5% to $60.30 a barrel, with a high of $61.4  and a low of $60.07.

 

Dow Jones rose 0.9% or 240 points to close at 26,202 points, with a high of 26,268 points, and a low of 26,141 points.

 

Nasdaq rose by 0.9% or 71 points to 8,020, with a high of 8,036 and a low of 7,998.

 

S&P 500 rose by 0.8% or 24 points to close at 2,924, with a high of 2,928 and a low of 2,817.

 
 
 
  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%
 
 
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Europe
 
Asia