NEW YORK - Wall Street at the close yesterday local time ends stagnant with the horizontal movement of the affected statement of the leadership of the Federal Reserve (Fed) Janet Yellen who claims still open to raise interest rates or Fed Rate. Although he thinks the new policy will be taken after seeing the risk of economic growth in the United States (US).
Reported by Reuters on Thursday (11/02/2016) Index The Dow Jones industrial average and the S & P 500 closed still lower, while the Nasdaq composite ended a three-day streak had not yet risen. Energy stocks were still under pressure as the weakening that occurs in crude oil prices, due to the abundance of US oil stocks up to the highest level.
"The market gained in the morning, because Janet Yellen reiterated that the Fed will not rush to raise interest rates as the economy has shown signs of sluggishness. But most of us think, he said the economy will be slowing down," explained the President Chase Investment advisor, Peter Tuz.
The Dow Jones industrial average closed down 99.64 points or 0.62% at 15914.74 while the S & P 500 has lost 0.35 points or 0.02% to 1851.86 position and the Nasdaq composite rose 14.83 points, or 0 , 35% to the level of 4.283.59.
US stocks have struggled since the beginning of the year amid rising concerns over a global slowdown and US economic growth. Dow and S & P 500 recorded fell to 9% during the year 2016 while the Nasdaq has lost about 14%.
Meanwhile, in the currency market, the US dollar (USD) weakened against the yen to 113.38 range. The euro also weakened against the yen to around 127.74. While the position against the US dollar in the range of 1.1283.
Reported by Reuters on Thursday (11/02/2016) Index The Dow Jones industrial average and the S & P 500 closed still lower, while the Nasdaq composite ended a three-day streak had not yet risen. Energy stocks were still under pressure as the weakening that occurs in crude oil prices, due to the abundance of US oil stocks up to the highest level.
"The market gained in the morning, because Janet Yellen reiterated that the Fed will not rush to raise interest rates as the economy has shown signs of sluggishness. But most of us think, he said the economy will be slowing down," explained the President Chase Investment advisor, Peter Tuz.
The Dow Jones industrial average closed down 99.64 points or 0.62% at 15914.74 while the S & P 500 has lost 0.35 points or 0.02% to 1851.86 position and the Nasdaq composite rose 14.83 points, or 0 , 35% to the level of 4.283.59.
US stocks have struggled since the beginning of the year amid rising concerns over a global slowdown and US economic growth. Dow and S & P 500 recorded fell to 9% during the year 2016 while the Nasdaq has lost about 14%.
Meanwhile, in the currency market, the US dollar (USD) weakened against the yen to 113.38 range. The euro also weakened against the yen to around 127.74. While the position against the US dollar in the range of 1.1283.
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