DJIA26816.59
LIVE319.92(1.21%)
NDX7843.88
LIVE103.52(1.34%)

U.S Stocks Mixed as Fed Meeting Comes Into View


Monday, 17 June 2019 20:52 WIB

S & P 500SahamAS


c_740_198_16777215_00_images_assets_USMARKET_dcx_doc6woslf61eyw1focklbkp.jpg

U.S. stocks struggled for direction on Monday after the opening bell as investors hoped to glean clues from the Federal Reserve later this week on the likelihood of rate cuts this year.

The S&P 500 was up less than 0.1% to 2,888. The Dow Jones Industrial Average was down 9 points to 26,081. The Nasdaq Composite rose 0.3% to 7,821.

The U.S. central bank is under pressure to issue dovish language at the upcoming policy update on Wednesday, with a minority of analysts expecting a rate cut as soon as this week.

Dealing a sharp blow to economic sentiment, a plunge in the Empire State manufacturing survey in June to -8.6, from a reading of 17.8 in May, underlined the concerns around slowing growth momentum in the U.S.

In company news, shares of Array BioPharma Inc. surged 59% after the biopharmaceutical company agreed to be bought by Pfizer Inc.

Source : Market Watch


RELATED NEWS

  • Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic superpowers. The Hang Seng Index jumped 0.81 percent, o...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.