Wall Street slowed the Fed and the bubble



The New York Stock Exchange ended a weak report Thursday after the Federal Reserve, which retains its monetary policy unchanged, but supports the assumption of interest rate hikes in December, while the values ​​of the New York Stock Exchange on energy caused by declining oil prices.

While the Dow Jones ended in positive territory, it gained 10.92 points, or 0.04%, to 26,191.22, Standard & Poor's 500, wider, brought 7.06 points or 0.25% to 2.806, 83.

As for Nasdaq Composite, it fell by 39.87 points, or 0.53% to 7,530.89.

The Fed, as expected, kept the unchanged area of ​​"feed funds" at 2% -2.25%, but its statement states that the US economy remains healthy. ,

Many observers suggest that the unexpected statement by the central bank suggests that after another meeting on 18 and 19 December, it aims to further raise interest rates, which is the fourth increase annually.

Dollar and US Treasury yields have risen since the announcement of the monetary policy statement.

"There are people who are not happy with this version because they have been waiting for more pigeons to talk about past volatility in the markets," said Gene Tannuzzo, director of Columbia Threadneedle.

"That's why we have witnessed an increase in short-term yields and a decline in stocks (Fed)."

VALUES

The rise in interest rates was a priori favorable for the credit institutions' spread, the S & P's financial stock index was 0.32%. Within the Dow, American Express grew by 1.11%, JPMorgan Chase by 0.81%.

The energy sector declined by 2.2% in response to a sharp decline in the oil market, as West Texas Intermediate (WTI) finished the day with a closing price of $ 60.67, down more than 20% from peak 3. October.

The Wall Street Journal quoted sources close to the case as saying that the think tank near the Saudi government was looking at potential consequences on OPEC's disintegration markets.

The Nasdaqu drop is also explained by the sanction suffered by the Qualcomm semiconductor giant: the title lost 8.16%, the forecast for the crucial quarter, including the holiday season with the disappointment of financial analysts,

The biggest drop in S & P 500, a specialist in generics of Perrigo, declined by 16.32% after lowering annual earnings reports due to the worsening outlook for prescription drugs.

Residential building group D.R. Horton declined by 8.97% and weighted the sector after warning that rising house prices and credit rates were on demand. The PHLX sector index fell by 2.37%.

Casino Operator Wynn Resorts sold 13.13% after quarterly profit under consensus and its comments on the slowdown in Macau. 11.17

On the other hand, the hotel search and comparison hotel jumped 15.26% on a better than expected profit in the third quarter.

INDICATORS DAY

The market barely responded to expected US unemployment claims, which fell slightly last week to 214,000, the number of Americans receiving unemployment benefits remained at their lowest level for more than 45 years.

(Marc Angrand, with Sinéad Carew in New York)


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