Close X
Wednesday, November 13, 2024
ADVT 
International

US Stocks Decline

IANS, 14 Sep, 2015 01:16 PM
  • US Stocks Decline
The US stocks traded lower in the morning session on Monday as investors remained cautious ahead of the Federal Reserve's key policy meeting.
 
By midday, the Dow Jones Industrial Average decreased 75.50 points, or 0.46 percent, to 16,357.59. The S&P 500 lost 9.87 points, or 0.50 percent, to 1,951.18. The Nasdaq Composite Index was down 23.83 points, or 0.49 percent, to 4,798.51, Xinhua news agency reported.
 
With no major economic data due out on Monday, Wall Street remains focused on the Fed ahead of its two-day policy meeting starting on Wednesday, in which the US central bank could raise interest rates for the first time in more than nine years.
 
Wall Street economists are split on whether the Fed will raise rates on Thursday, with a small majority forecasting no rate rise in the meeting, according to the Wall Street Journal.
 
"We expect a hike because the Fed's forward guidance conditions have been met. In addition, speeches, interviews and testimony suggest an overwhelming majority of FOMC (Federal Open Market Committee) voters favour a hike," chief economist at FTN Financial Chris Low said in a note.
 
Uncertainty about the Fed's decision whether or not to hike rates in its two-day policy meeting has been contributing to recent volatility in the market.
 
Overseas, Chinese shares continued to head south on Monday after weak economic data released over the weekend, with the benchmark Shanghai Composite Index dipping 2.67 percent.
 
On Friday, the US stocks pared early losses to end higher as investors pondered over economic reports. 

MORE International ARTICLES

British Woman Racially Abused Me In Train: Sikh Youth

British Woman Racially Abused Me In Train: Sikh Youth
British police have launched a probe after a 25-year-old Sikh man reported that he was racially abused by a woman on board a train last month

British Woman Racially Abused Me In Train: Sikh Youth

Sikh Americans To Organise Diversity Festival In Fairfield, California

Sikh Americans To Organise Diversity Festival In Fairfield, California
Surjit Patar, an Indian Punjabi-language writer and poet is scheduled to be the special guest at the event.

Sikh Americans To Organise Diversity Festival In Fairfield, California

Pulitzer Prize Winner Jhumpa Lahiri Gets National Humanities Medal From President Obama

Pulitzer Prize Winner Jhumpa Lahiri Gets National Humanities Medal From President Obama
President Barack Obama presented the 2014 National Medals of Arts and Humanities to Pulitzer Prize winning Indian-American author Jhumpa Lahiri and 20 other distinguished persons at a White House ceremony.

Pulitzer Prize Winner Jhumpa Lahiri Gets National Humanities Medal From President Obama

Indian-American Harish Jajoo Bids To Be US City's First South Asian Mayor

Indian-American Harish Jajoo Bids To Be US City's First South Asian Mayor
An Indian-American engineer is making a bid to become the first South Asian mayor of Sugar Land in the US state of Texas, a media report said.

Indian-American Harish Jajoo Bids To Be US City's First South Asian Mayor

Canada Joins Vote Against UN Resolution Approving Palestinian Flag Proposal

Canada Joins Vote Against UN Resolution Approving Palestinian Flag Proposal
The symbolic step pursued by the Palestinians in their quest for an independent state saw 119 nations vote "yes" and 45 abstain.

Canada Joins Vote Against UN Resolution Approving Palestinian Flag Proposal

Indian-American Couple Pleads Guilty To Unlawful Employment, Agreed To Forfeit $700,000 In Cash

Indian-American Couple Pleads Guilty To Unlawful Employment, Agreed To Forfeit $700,000 In Cash
Satishkumar Patel and his wife Daxaben Patel, who operated the Route 56 Express gas station and convenience store in McPherson city, Kansas, entered their guilty pleas on Thursday before a US district court judge

Indian-American Couple Pleads Guilty To Unlawful Employment, Agreed To Forfeit $700,000 In Cash