Categories: Stocks News

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

Related news

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

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.

Recent Posts

SEC Bolsters Crypto Enforcement With Cyber and Emerging Technologies Unit

The U.S. Securities and Exchange Commission is significantly ramping up its efforts to police emerging…

1 day ago

Orava Opens Early Access To Orava SAFE For Qatar Top 40 Startups at Web Summit

Singapore, 21st February 2025, ZEX PR WIRE, Orava Pte Ltd is a fintech company accelerating…

2 days ago

Canary Capital Launches Axelar Trust: Details

Canary Capital announced the launch of the Canary AXL Trust, a private investment vehicle offering…

2 days ago

Nigeria Sues Binance for $81.5 Billion Over Economic Damage and Tax Evasion

Nigeria has filed a landmark lawsuit against Binance, demanding $79.5 billion in economic damages and…

3 days ago

Binance US Brings Back USD Deposits and Withdrawals After Two-Year Hiatus

After a two-year hiatus, Binance US, the American arm of the leading cryptocurrency exchange, has…

3 days ago

Gold Tokenization: Hong Kong Doubles Down on Tokenized Commodities

Hong Kong is forging ahead with its ambition to become a global hub for virtual…

4 days ago