About: http://data.cimple.eu/news-article/c948e8cb764b54215c88d8020e73fc303af9ddff0d2a88f1a1859972     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Wall Street stocks hovered near the flat-line early Thursday as investors digested the Federal Reserve's latest policy statement and the unexpected rise in jobless claims last week. The Fed on Wednesday maintained highly accommodative monetary policy as expected, but several policymakers projected interest rate hikes as soon as 2022 and a majority of central bank officials now believe interest rates will increase in 2023, rather than 2024. Meanwhile, after six weeks of declines, new US jobless claims rose to 412,000, seasonally adjusted, in the week ended June 12, which was 37,000 more than the previous week, the Labor Department said. About 30 minutes into trading, the Dow Jones Industrial Average was down 0.3 percent at 33,926.90. The broad-based S&P 500 was essentially flat at 4,222.49, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 14,084.23. Analysts described the Fed's overall message as modestly more hawkish than expected, even as Chair Jerome Powell reiterated that the central bank still sees the current inflation spike as a short-term challenge. But Powell also stressed the Fed will be willing to act if needed to contain inflation, though policymakers are not looking at an interest rate hike as the first step. "The countdown to 'liftoff' has started, even if it is some ways off," said a note from DataTrek Research. "Earnings growth should buffer stock prices against that issue; we still believe the Street's estimates are too low. But make no mistake: the Fed put rate policy back on the market's front burner today." jmb/hs
schema:headline
  • US stocks near flat as market digests Fed update
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software