US stocks open mixed ahead of Fed's rate decision

2021-06-16 14:57:00 GMT (Economies.com)
US stocks open mixed ahead of Fed's rate decision

The main US stock indices opened mixed on Wednesday, as investors await the Federal Reserve's interest rate decision.

 

The Federal Reserve will conclude its meeting later today,  to decide on monetary policy and provide clarity over the future of monetary policy in the US, amid expectations to keep the interest rate between 0.0% and 0.25% unchanged. 

 

This comes following the recent controversy about the rise in the US inflation rate, which impacts goods and services prices.

 

Fed President Jerome Powell will hold a press conference following the decision to comment on monetary policy.

 

Data showed that the US building permits index fell 1% in May to 1.68 million permits.

 

As for stocks, Dow Jones fell 0.1% or 47 points to 34,252 as of 14:11 GMT, Nasdaq fell 0.5rose 3% or 46 points to 14,120, while S&P 500 held at 4,246.

 
 
 
  Symbol Last Change Chg.%
1.1844
0.0056
0.4780%
1.3905
0.0108
0.7846%
Tadawul
10933.73
22.68
0.21%
24.995
-0.216
0.859%
72.383
0.742
1.036%
74.74
0.31
0.42%
1809.580
7.445
0.413%
 
 
US
 
Europe
 
Asia