U.S. stocks slip late in session after Fed rate hike
U.S. major averages turned lower late on Wednesday after trading strongly earlier; Dow pulled into negative territory, with indexes slipping from session highs.
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U.S. major averages turned lower late on Wednesday after trading strongly earlier; Dow pulled into negative territory, with indexes slipping from session highs.
Indonesian stocks fell 90 points, or 1.4%, to 6,502 on Friday morning deals, marking a third straight session of declines and the lowest in two weeks.
U.S. stocks fell Tuesday as crude oil extended higher, pushing the 10-year Treasury yield above 4.8% and reviving bets the Federal Reserve could raise rates next week. The Dow led declines, while Amgen was the biggest drag.
U.S. stocks rose broadly after Fed Governor Christopher Waller signaled he could support leaving rates on hold this month, while traders pared September hike odds to about 50% from 70% earlier in the week.
U.S. equities advanced Wednesday, with the S&P 500 up 0.5% and the Dow up 0.4%, as AI dealmaking helped offset declines in software and cybersecurity shares.
U.S. stocks drifted lower midday Wednesday after July PCE inflation met monthly forecasts but ran hotter than expected annually, while second-quarter GDP growth was confirmed at an annualized 1.5%.
U.S. stocks were mostly lower by midday Monday, while the New York Fed’s Empire State Manufacturing Index rose to 20.6 in August from 15.6, above the 11 consensus.
US headline CPI rose 0.1% in July, bringing annual inflation to 3.4% from 3.5% in June