US stocks open flat ahead of Fed meeting

Economies.com
2019-12-09 15:09PM UTC

Most US stocks faltered on Monday, as investors await new updates and developments on the US-China trade file, in addition to anticipation for the US Federal Reserve meeting later this week.

 

Markets are waiting for any tangible results from the trade talks between the US and China amid renewed fears over the tariffs war, which negatively affects global markets.

 

The US Department of Labor revealed last week that the economy has added 266K new jobs in November, and the unemployment rate fell to 3.5% (50-year low).

 

The US Federal Reserve will launch it meeting tomorrow and will continue until Wednesday, which will be followed by the interest rate decision and statement.

 

As for stocks, Dow Jones slipped less than 0.1% or 26 points to 27,988, while Nasdaq rose by 0.2% or 16 points to 8,673, and S&P 500 rose by 1 point to 3,147.

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