U.S. stocks close slightly lower after Fed raises rates and maintains outlook

U.S. stocks ended with slight losses on Wednesday, as investors digested an interest-rate hike and the latest commentary from the Federal Reserve.

Based on preliminary figures, the Dow Jones Industrial Average fell 45 points, or 0.2%, to 24,682. The S&P 500 lost 5 points to 2,712, a decline of 0.2%. The Nasdaq Composite Index slipped 19 points, or 0.3%, to 7,345.

Trading was volatile after the Fed’s statement and a subsequent press conference by Chairman Jerome Powell, with major indexes fluctuating between positive and break-even territory.

The U.S. central bank raised interest rates for the sixth time since the end of 2015, as had been widely expected, and it stuck to its prior forecast of three rate hikes in 2018. Some investors had expected a more aggressive pace, with four hikes this year. However, the outlook for 2019 did move up; the Fed expects three rate hikes in 2019, rather than two.

A standout of the day was the Russell 2000 which rose 0.8%, easily outperforming the other major indexes. The index of small-capitalization shares was seen as supported by its heavier weighting toward financial stocks, which benefit from environments with higher rates. The Financial Select Sector SPDR rose 0.6%.

Source: Marketwatch

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U.S. stocks climb as energy sector rallies a second straight session

U.S. stock-market indexes were trading higher on Wednesday, driven by gains in energy and materials shares following a jump in oil prices.

The modest gains come as the market is awaiting the Federal Reserve’s sixth interest-rate increase since the end of 2015, and the central bank’s economic forecast could give investors clues to the pace of future increases.

The S&P 500 was up by 12 points, or 0.5%, to 2,729, with six of the 11 main sectors trading higher. Energy shares were leading gains, trading up more than 2.6%, as oil futures hit the highest levels in seven weeks. Consumer-staples shares were the worst performers, down about 1%.

The Dow Jones Industrial Average was 135 points higher at 24,852, or 0.5%. The Nasdaq Composite Index advanced 27 points, or 0.4%, to 7,390.

The cautious trade on Wednesday comes after stocks closed with gains on Tuesday.

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

U.S. Stocks Set For Decline Ahead of Fed Moves

U.S. stock futures pointed to a slightly weaker open on Wall Street on Wednesday, with traders hesitant to make any big moves ahead of Federal Reserve forecasts that could help outline the future path of interest rates.

Facebook Inc.’s stock was among the biggest decliners ahead of the bell as a firestorm continued over third parties access to users’ personal data.

Futures for the Dow Jones Industrial Average slipped 47 points, or 0.2%, to 24,713, while those for the S&P 500 index fell 5.35 points, or 0.2%, to 2,718. Futures for the Nasdaq-100 index lost 33.75 points, or 0.5%, to 6,884.25, weighed by a premarket loss for Facebook.

The cautious trade on Wednesday comes after stocks closed with gains on Tuesday, with the Dow industrials finishing 0.5% higher and the Nasdaq Composite Index and S&P 500 ending up 0.3% and 0.2%, respectively.

Source : Market Watch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

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