* Gold slips, dollar advances. * Oil prices cool after Saudi production pledge. By Stephen Culp. The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.
U.S. stocks wobbled, then staged a late-session rebound Wednesday after the Federal Reserve lowered interest rates but signaled a divided outlook for the rest of the year. Trading was volatile in the two hours after the Fed's rate decision. Stock selling initially accelerated, sending the Dow Jones Industrial Average down more than 200 points, after the Fed's policy statement showed officials weren't in agreement about the prospect of further rate cuts in 2019. That may have...
By Chris Matthews, MarketWatch, Andrea Riquier. Fed cuts interest rates but possibly last for last time this year. U.S. stocks ended Wednesday flat to higher, after the Federal Reserve announced it would cut its benchmark federal funds rate a quarter percentage point, in line with market expectations, but included language in its accompanying statement and economic projections that called into question whether there will be another rate cut this year or next.
U.S. stocks wobbled, then pared declines Wednesday after the Federal Reserve lowered interest rates but signaled a divided outlook for the rest of the year. Trading was volatile in the hour after the Fed's rate decision. Stock selling initially accelerated, sending the Dow Jones Industrial Average down more than 200 points, after the Fed's policy statement showed officials weren't in agreement about the prospect of further rate cuts in 2019. That may have come as a...
* Gold slips, dollar gains ground. * Oil prices cool after Saudi production pledge. By Stephen Culp. U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.
* Indexes: Dow -0.52%, S&P 500 -0.62%, Nasdaq -0.91% By Noel Randewich. Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
* U.S. Treasury yields rise; gold slips. * Oil prices cool after Saudi pledge on production. By Saqib Iqbal Ahmed. Wall Street stocks slipped on Wednesday after the U.S. Federal Reserve gave mixed signals about what may happen next after it cut interest rates by a quarter of a percentage point for the second time this year in a widely expected move.
U.S. stocks extended declines Wednesday after the Federal Reserve lowered interest rates but signaled a divided outlook for the rest of the year. The Dow Jones Industrial Average dropped 169 points, or 0.6%, to 26941, with the selling accelerating after the Fed's decision. The S&P 500 dropped 0.7% and the Nasdaq Composite shed 1%.
* Indexes: Dow -0.63%, S&P 500 -0.72%, Nasdaq -1.02% By Noel Randewich. Wall Street sank on Wednesday when Federal Reserve policy makers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
U.S. stocks added to losses Wednesday as investors digested an expected interest-rate cut by the Federal Reserve. Moves in the stock market have been relatively muted this week, even as worries about disrupted oil production and the overnight funding markets have dominated conversations among money managers. Later Wednesday, investors' attention will turn to the Fed, which is set to wrap up its two-day policy meeting and deliver its latest interest-rate decision.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
