wall street mixed on fed stimulus tapering worries
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Wall Street mixed on Fed stimulus tapering worries

Arab Today, arab today

Arab Today, arab today Wall Street mixed on Fed stimulus tapering worries

New York - XINHUA

U.S. stocks closed mixed in choppy trading Monday, amid continued concerns that the Federal Reserve may scale down its bond purchases earlier than expected. The Dow Jones Industrial Average inched down 9.53 points, or 0. 06 percent, to 15,238.59 points. The Standard & Poor\'s 500-stock Index lost 0.57 points, or 0.03 percent, to 1,642.81 points. The Nasdaq Composite Index added 4.55 points, or 0.13 percent, to 3, 473.77 points. The main stock indexes opened higher after Standard & Poor\'s Ratings Services upgraded U.S. credit outlook to stable from negative. \"Our sovereign credit ratings on the U.S. primarily reflect our view of the strengths of the U.S. economy and monetary system, as well as the U.S. dollar\'s status as the world\'s key reserve currency,\"the rating agency said in a news release Monday.\"We do not see material risks to our favorable view of the flexibility and efficacy of U.S. monetary policy. We believe the U.S. economic performance will match or exceed its peers\' in the coming years. We forecast that the external position of the U.S. on a flow basis will not deteriorate.\" The market was also underpinned by a strong performance in the stock market in Japan, with the Nikkei 225 Stock Average closing up 4.94 percent Monday, thanks to an upgrade of Japanese gross domestic product for the first quarter and a weak yen. A sharp decline in China\'s exports in May, however, capped Wall Street\'s gains. China\'s exports last month inched up merely 1 percent year on year from a 14.7 percent increase in April, while imports declined 0.3 percent in May from a 16.8 percent gain in the prior month, according to official data released over the weekend. With no major U.S. economic data due out on Monday, investors continued to question when the Federal Reserve may scale back its quantitative easing policy. Federal Reserve Bank of St. Louis President James Bullard said on Monday the U.S. labor market has improved since last summer, suggesting the Fed may slow down the pace of its bond purchases earlier than expected. The remarks added negative market sentiment. The stock market volatility has increased obviously in the past two or three weeks since Federal Reserve Chairman Ben Bernanke said in his testimony before Congress on May 22 that the U.S. central bank could curtail its bond purchases in the next few policy-setting meetings depending on the economic data. The Fed will hold its monetary policy meeting next week. Wall Street surged Friday as a tepid U.S. non-farm payroll report for May fueled investors\' expectation that the Fed could maintain its monetary stimulus for the time being. In corporate news, shares of Apple fell 0.66 percent to 438.89 U.S. dollars though the tech giant unveiled its iTunes radio, a free Internet radio service, at its ongoing annual Worldwide Developers Conference.  

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street mixed on fed stimulus tapering worries wall street mixed on fed stimulus tapering worries

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street mixed on fed stimulus tapering worries wall street mixed on fed stimulus tapering worries

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday