Close X
Sunday, November 24, 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

Let's Talk About Future: India To Pakistan At Border Force Talks

Let's Talk About Future: India To Pakistan At Border Force Talks
India on Thursday asked Pakistan to "talk about the future" as border security forces of both countries sat across the table here for a meeting.

Let's Talk About Future: India To Pakistan At Border Force Talks

Anirudh Kathirvel, Indian-Origin Boy Wins 'the Great Australian Spelling Bee'

Anirudh Kathirvel, Indian-Origin Boy Wins 'the Great Australian Spelling Bee'
Kathirvel beat his five opponents Harpita, Harrison, Marko, Mica and Grace for the title and 50,000 Australian dollars ($35,000) education scholarship

Anirudh Kathirvel, Indian-Origin Boy Wins 'the Great Australian Spelling Bee'

Europe Migrant Crisis: Pakistanis, Others Dumping Ids To Become 'Syrian'

Europe Migrant Crisis: Pakistanis, Others Dumping Ids To Become 'Syrian'
A Pakistani identity card in the bushes, a Bangladeshi one in a cornfield. A torn Iraqi driver's licence  bearing the photo of a man with a Saddam-style moustache, another one with a scarfed woman displaying a shy smile.

Europe Migrant Crisis: Pakistanis, Others Dumping Ids To Become 'Syrian'

Indian Takeaway Owner To Face Trial For Manslaughter Over Man's Peanut Death In Britain

Indian Takeaway Owner To Face Trial For Manslaughter Over Man's Peanut Death In Britain
Mohammed Zaman is accused of manslaughter for the death of Paul Wilson at his "Indian Garden" restaurant in Easingwold, North Yorkshire, in January 2014

Indian Takeaway Owner To Face Trial For Manslaughter Over Man's Peanut Death In Britain

Talks With India Only If Kashmir Discussed: Sartaj Aziz

Talks With India Only If Kashmir Discussed: Sartaj Aziz
National Security Advisor (NSA) Sartaj Aziz on Tuesday said Pakistan will hold talks with India only if the Kashmir issue is also on the agenda, the media reported.

Talks With India Only If Kashmir Discussed: Sartaj Aziz

Meet Lydia Sebastian, Indian-Origin Girl In UK With IQ Higher Than Albert Einstein

Meet Lydia Sebastian, Indian-Origin Girl In UK With IQ Higher Than Albert Einstein
Lydia Sebastian from Essex has joined the one per cent of all entrants to attain the highest mark in the Cattell III B paper supervised by Mensa, the society for people with high IQs.

Meet Lydia Sebastian, Indian-Origin Girl In UK With IQ Higher Than Albert Einstein