Wall Street ends near flat after Fed's mixed signals on future policy
- 5 years ago
Wall Street ended little changed on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
At closing bell, the Dow Jones Industrial Average rose point-1 percent to 27-thousand-147, the S&P 500 closed nearly flat and the Nasdaq Composite dropped one-tenth of a percent.
Seoul stocks ended higher Wednesday, extending their winning streak to a ninth day on eased concerns over oil prices following a weekend attack on Saudi oil facilities.
After choppy trading, the benchmark KOSPI rose point-4 percent to close at 20-71 while the tech-heavy KOSDAQ rose point-1 percent.
Crude oil prices extended their decline today after the Energy Information Administration reported a crude oil inventory build of 1-point-1 million barrels.
This compares with a 6-point-9-million-barrel draw a week earlier.
The West Texas Intermediate is trading down 1-point-9 percent at 58 dollars and 22 cents a barrel and the global benchmark Brent crude dropped 1-point-4 percent at 63-65 per barrel.
At closing bell, the Dow Jones Industrial Average rose point-1 percent to 27-thousand-147, the S&P 500 closed nearly flat and the Nasdaq Composite dropped one-tenth of a percent.
Seoul stocks ended higher Wednesday, extending their winning streak to a ninth day on eased concerns over oil prices following a weekend attack on Saudi oil facilities.
After choppy trading, the benchmark KOSPI rose point-4 percent to close at 20-71 while the tech-heavy KOSDAQ rose point-1 percent.
Crude oil prices extended their decline today after the Energy Information Administration reported a crude oil inventory build of 1-point-1 million barrels.
This compares with a 6-point-9-million-barrel draw a week earlier.
The West Texas Intermediate is trading down 1-point-9 percent at 58 dollars and 22 cents a barrel and the global benchmark Brent crude dropped 1-point-4 percent at 63-65 per barrel.