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Home Stocks News Powell leaves cold Wall Street closes mixed with the Dow up 0.13%

Powell leaves cold Wall Street closes mixed with the Dow up 0.13%

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Wall Street has gone cold with the conclusions of the two-day meeting of the Federal Reserve. The central bank of the united States has decided to maintain rates at current levels in the 0.0% and 0.25% and has committed to not upload them until inflation exceeds 2%.

Although the measures were expected, investors have opted for caution. As well, the Dow Jones advancing by 0.1% still above the 28,000 points, while the S&P 500 leave a -0,46% up to 3385 points. For its part, the Nasdaq leave a -1,25% to 11.050 integers.

In addition to the key meeting of the day, investors have had the support of the data retail sales, which rose 0.6% in August, increasing for the fourth consecutive month. However, the figure represents a pace of growth lower than the previous months.

In the section business stand out increases of more than 3.6% of Southwest Airlinesafter that the airline has improved its financial estimates around the figures of occupancy expected by the end of the year.

Investors also closely monitor the evolution of Facebookthat has left more than 2% after news that the US latest a fine millionaire against the company for violating, supposedly, the antitrust rules. Although there is not yet a final decision, the Financial Times newspaper anticipates that the cost for the social networking giant could exceed 5,000 million euros.

On the side of the climbs highlighted the strong rebound of more than 36%, which recorded the actions of Kodak, after a law firm hired by the company has concluded that its CEO, Jim Continenza, did not violate internal policies or incurred in insider trading with the exchange of actions that you performed after the approval of a loan from the Government to the firm for 765 million dollars.

Ryan Helton
Ryan Heltonhttps://etrendystock.com/
A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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