Wall Street ends mostly lower after Fed's meeting

2018-11-08 22:51:58 GMT (Economies.com)
Wall Street ends mostly lower after Fed's meeting

US stock indices closed the fourth session of the week mixed but mostly lower, with the tech and energy sectors leading the decline as the third-quarter earnings season progresses to final stages. 

 

US Labor Data 

 

Earlier US data showed unemployment claims for the week ending Saturday down to 214 thousand as expected from 215K, while continuing claims for the week ending October 27 fell to 1.632 million from 1.631 million. 

 

The Federal Open Market Committee voted at the November 7-8 policy meeting to hold overnight interest rates unchanged between 2.0% and 2.25% as expected by analysts. 

 

The FOMC is offloading treasury bills and mortgage-back securities by $20 and $30 billion respectively, as policy tightening and normalization pick up pace. 

 

Indices, Commodities 

 

Dow Jones rose 0.04%, or 10.92 points to 26,191.2, while S&P 500 shed 0.25%, or 7.06 points to 2,806.83. NASDAQ Composite dipped 0.53%, or 39.87 points to 7,530.88. 

 

Gold futures due in December fell 0.34% to $1,224.50 an ounce, marking November 4 lows, while the dollar index rose 0.48% to 96.64 to early November highs. 

 

US crude futures due in December fell 1.61% to $60.68 a barrel, marking March 14 lows, while Brent January futures tumbled 1.73% to $70.82 a barrel, marking August 16 lows. 

 
 
 
  Symbol Last Change Chg.%
1.1342
0.0014
0.1262%
1.3020
0.0100
0.7705%
14.217
0.059
0.417%
56.325
-3.518
5.878%
66.28
0.10
0.15%
1213.515
4.045
0.334%
 
 
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