US stock market froze in anticipation speech head Fed
2022.12.06 10:42
US stock market froze in anticipation speech head Fed
Budrigannews.com – As investors take a break ahead of the Federal Reserve’s decision on interest rates next week, U.S. stocks were trading lower.
The was down 155 points, or 0.5 percent, at 10:17 ET (15:17 GMT), the was down 0.9 percent, and the was down 1.4%.
On Monday, stocks auctions off the Fed will go on with its rate-climbing way for longer. It is generally anticipated that it will raise rates once more next week, albeit by a smaller half-percentage point increase than at each of its previous four
In addition to the better-than-expected report from last Friday, better-than-expected industry data fueled the fear. The Fed may be compelled to maintain its rate path for a longer period of time if the data are more robust.
Additionally in jeopardy: the outcomes of today’s runoff election in Georgia, a crucial battleground state. In the Senate, where Democrats hold a slim majority, the vote could determine the balance.
If incumbent Democrat Sen. Raphael Warnock wins, the party could gain 51 Senate seats, and if Republican candidate Herschel Walker wins, the GOP could be able to block initiatives.
NASDAQ: GitLab Inc. After it reported sales and a quarter-end loss that was lower than anticipated, shares are up 10.5%. NYSE: Signet Jewelers Ltd. Following a profit per share that exceeded expectations and a 7.6% decline in same-store sales, shares rose 19.4%.
Oil was selling for less. were down 1.2 percent to $76.03 a barrel, and crude was down 0.5 percent to $81.44 a barrel. were $1785, up 0.2 percent.
