US Stocks Close Lower ahead of Fed Meeting
US stocks
New York - QNA
US stocks slid Monday as Wall Street awaited the Federal Reserve's two-day policy meeting scheduled to begin Tuesday. The Dow Jones Industrial Average fell 122.65 points, or 0.61%, to 19,971.13. The S&P 500 dipped 13.79 points, or 0.60%, to 2,280.90.
The Nasdaq Composite Index was down 47.07 points, or 0.83%, to 5,613.71. At its December meeting, the US central bank raised the benchmark interest rate by 25 basis points, the first and only time in 2016, and indicated a faster rate hike pace next year.
Most analysts believed that the Fed won't hike rates at this week's meeting, but the meeting will still be watched closely for more clues on the timing a next rate increase.
On the economic front, US personal income in December increased 50.2 billion US dollars, or 0.3%, missing market consensus, the US Commerce Department announced Monday.
Meanwhile, US pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest, according to the National Association of Realtors Monday.
The Pending Home Sales Index increased 1.6% to 109.0 in December from 107.3 in November.
GMT 09:57 2018 Sunday ,14 January
Euro scales 3-year dollar pinnacle on German deal hopesGMT 08:46 2017 Saturday ,25 November
US stocks at records; euro gains on hopesGMT 10:08 2017 Friday ,14 April
Global stocks drop on geopolitical anxiety; dollar ralliesGMT 10:23 2017 Saturday ,04 March
US stocks up, dollar down as Yellen signals likely rate hikeGMT 21:28 2017 Thursday ,16 February
US Stocks End High on TuesdayRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 12:50 2011 Saturday ,09 July
Injured Malaysian opposition leader in hospital
GMT 14:38 2017 Wednesday ,26 July
King congratulates Maldivian President on Independence Day
GMT 08:34 2014 Thursday ,06 February
Afghan police kill 1 militant, detain 2
GMT 19:06 2011 Tuesday ,02 August
Danone snaps up nutrition business of Wockhardt
GMT 13:13 2012 Friday ,23 March
Classic cars: BMW 507
GMT 19:36 2016 Sunday ,25 December
Egypt retrieves 340 artifacts to different eras of ancient
GMT 18:27 2016 Sunday ,15 May
Egypt retrieves ancient artifacts from Britain
GMT 09:17 2016 Tuesday ,21 June
Khalifa Foundation continues Iftar Project in Mali
GMT 14:54 2016 Thursday ,22 December
Cambodia attracts investment projects worth $1.88b
GMT 11:47 2012 Tuesday ,21 February
Lamborghini aventador beats Igloo every timeGMT 19:14 2011 Friday ,28 October
Barley Patch
GMT 13:55 2014 Wednesday ,03 December
Israel carries out 112 violations at holy sites in a month
GMT 15:00 2016 Friday ,05 February
Egyptian embassy to receive from Germany smuggled archaeological ivory statue
GMT 09:04 2017 Thursday ,13 April
Crown Prince of Abu Dhabi Meets President of Somalia
GMT 17:18 2017 Wednesday ,15 February
Egyptian TV host Lubna Assal optimistic about future
GMT 08:50 2016 Tuesday ,06 December
Pottery craft brings fame to tiny Egyptian village
GMT 08:37 2016 Friday ,22 April
'Fully supports' ECB after German criticismsGMT 09:16 2012 Monday ,11 June
Syrian Razan Ghazzawi honoured
GMT 18:28 2017 Monday ,31 July
Egypt offers confolences in death of Ugandan peacekeepers
GMT 10:49 2017 Friday ,28 April
BIM launched to enhance capital growth
GMT 23:23 2017 Thursday ,06 April
51 civilians killed in tribal clashes in Sudan's Kordofan region
GMT 13:55 2017 Monday ,27 February
Delta, Korean Air in joint venture talks to deepen alliance
GMT 00:13 2017 Saturday ,22 April
Research on to reverse climate change in Oman
GMT 08:23 2015 Sunday ,27 December
Hamdan bin Mohammed welcomes participants at 10th Dubai International Sports ConferenceGMT 14:39 2012 Thursday ,13 September
EBEL 100 Colour Strap Editions
GMT 07:28 2017 Thursday ,09 November
Iraqi forces bombed a tunnel for ISIS in QaimGMT 11:47 2012 Sunday ,20 May
Fighting rages in eastern DR CongoGMT 07:10 2011 Tuesday ,26 July
Mulumbu pens new West Brom deal
GMT 05:33 2016 Tuesday ,08 November
Palestine Foreign Ministry decries Israeli policies, plots
GMT 21:59 2017 Tuesday ,07 February
Vietnam beat Malaysia 3-0 in U23 soccer friendly
GMT 19:42 2017 Tuesday ,30 May
Baghdad’s blast led to the killing of 62 Iraqis
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor