Wall Street extends losses at the open

Economies.com
2017-03-22 15:27PM UTC

U.S. stock indices kept falling on Wednesday after a steep decline yesterday by global and American stocks, as the future of interest rates gets fuzzy following mixed statements from Fed officials. 

 

Markets await the passing of a healthcare law that U.S. president Trump is favoring alongside Congress Republicans, which would show Trump's ability to achieve his campaign pledges, whether with tax cuts or his stimulus plans. 

 

Wall Street was hurt by the G20 meeting, after the group dropped the pledge to keep global trade free and open, raising concerns in the markets, specially amid exports-reliant corporations, in turn hurting Wall Street. 

 

As for the dollar, it stopped falling today against a basket of currencies, heaping pressure on shares of American exporters and contributing to the wider decline on Wall Street. 

 

Standard and Poor's 500 fell 0.05%, or 1.24 points to 2,342.78, while Dow Jones shed 0.03%, or 6.86 points to 20,661.15. 

 

Tech-heavy NASDAQ climbed 0.43%, or 24.89 points to 5,818.72. 

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