new york (reuters) – the new york stock exchange ended in disorder on wednesday, after the announcement, expected interest rate increases by the edf for the second time this year, but largely affected by the fall in the price of crude oil and the collapse of the energy sector.
the dow jones industrial average was 46,09, 0.22%, 21.374,56. the s & p 500, wider, and main point of reference for the investors lost 8 points, or 0.10%, 2.437,91.
affected by the downturn in the high technology sector, and the nasdaq composite gave 0.41%, losing to 6.194,89 25.48 points
as a result of its monetary policy committee (fomc), the federal reserve announced an increase in the rate of a quarter of a point, “federal funds” in the range of 1% to 1.25%, the second in three months. it also announced that it would begin before the end of the year to reduce its balance sheet increased by years, purchases of securities on the market.
this is the fourth rate increase since the beginning of the cycle of normalization of monetary policy began in december 2015. the central bank is still a rate rise this year and confirmed that the purpose of the neutral rate over the long term is 3.0%.
“i don’t think there’s really something new apart from the fact that the fed remains committed to a gradual and slow standards despite the disappointing indicators that we have had,” said mark cabana, a strategist at bank of america merrill in new york.
consumer prices in the united states fell unexpectedly in may and that underlying inflation was only slightly positive. retail sales were also down by 0.3% last month.
the sharp decline in oil,.
the fall in oil prices has, however, significantly affected the trend. after three consecutive days of rising, oil prices have lost more than 3% in the meeting, to their lowest level in more than five weeks.
gasoline stocks in the united states grew more than expected last week, and oil stocks have declined, but less than expected.
for its part, the international energy agency pointed out that the production of non opec members will increase in 2018 at twice the rate of the year.
these data have resulted in a decline in the energy sector, 1.83%, the largest decline in the s & p 500).
chevron was 1.41%, highest fall on the dow jones, and halliburton 2.20.
the technology also decreased with a decrease of 53%. apple has sold 0.97%.
rising, tesla was 1.25%, after hitting a record $382,70. the broker berenberg went on to purchase on the basis that the dominance of the car manufacturer is not in question.
increase of the s & p 500, alexion pharmaceuticals was 9.26%. the group announced the appointment to the position of chief financial officer paul clancy, who held the same job at biogen for 10 years.
h & r block was 7.93% after the release of the group counseling and services results above hold.
(yashaswini swamynathan in bangalore, catherine mallebay – vacqueur for services in french, edited by wilfrid exbrayat)
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Translated by forexguides.info Team