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About: http://data.cimple.eu/news-article/188019b6e0fd5de40b2ce9be2ce1d2abd07b0921629a918c819708b3 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks opened lower Tuesday, giving back some of Monday's gains ahead of a two-day Federal Reserve meeting expected to maintain aggressive stimulus measures. About 15 minute into trading, the Dow Jones Industrial Average stood at 27,281.86, down 1.1 percent. The broad-based S&P 500 shed 0.9 percent to 3,204.12, while the tech-rich Nasdaq Composite Index lost 0.3 percent at 9,898.26, edging down from Monday's record close. The Fed meeting will be the first since the US economy began to meaningfully reopen from the coronavirus shutdowns that froze much activity in March, April and part of May. The gathering also comes after Friday's surprisingly good jobs report. Still, most analysts do not expect any kind of wavering from the Fed as far as efforts to boost activity. Fed Chair Jerome Powell has warned of long-term risk to the US economy if Washington doesn't provide enough support. "We anticipate the FOMC will reaffirm its dovish forward guidance but refrain from offering any specific date- or data-contingent forward guidance," said a note from Oxford Economics. "The policy rate will remain pegged near zero until the recovery is firmly in place." jmb/cs
schema:headline	US stocks open lower as Nasdaq retreats from record
schema:mentions	S&P 500 Index Dow Jones Industrial Average Federal Reserve University of Washington University of Oxford Severe acute respiratory syndrome coronavirus 2 Raven's Nest Federal Open Market Committee Fixed exchange-rate system Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)

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