Wall Street declines after data
US stock indices declined on Thursday after a spate of weak data, while markets assess the Fed's policy decisions.
The Federal Reserve announced an interest rate hike of 75 basis points to below 2.5% as expected yesterday.
The Fed is aiming to control inflation in the US, which recently hit over four-decade lows.
Earlier US data showed GDP shrank by 0.9% in the second quarter of 2022, the second such contraction in a row, while analysts expected a growth rate of 0.4%, after shrinking 1.6% in the first quarter.
US unemployment claims rose to 256 thousand in the week ending July 23, the fourth increase in a row above 251K in the previous reading, while analysts expected 253K.
Dow Jones fell 0.3% to 32,095 as of 14:41 GMT, while S&P 500 shed 0.4% to 4,007, as NASDAQ declined 0.9% to 11,926.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0218
|
0.0021
|
0.2045%
|
|
|
|
|
1.2089
|
-0.0027
|
0.2257%
|
|
|
|
|
20.569
|
0.204
|
1.004%
|
|
|
|
|
89.533
|
1.055
|
1.192%
|
|
|
|
|
95.91
|
-0.64
|
0.66%
|
|
|
|
|
1789.630
|
7.955
|
0.447%
|
|
