The Dow Jones Industrial Average and the S&P 500 index had extended losses immediately after the release of the Fed statement but rebounded later to close modestly higher.
US stock indices closed mixed on Wednesday after the Federal Reserve left interest rates unchanged and refrained from giving any guidance on the timing of the next interest rate hike.
US stock indices closed mixed on Wednesday after the Federal Reserve left interest rates unchanged and refrained from giving any guidance on the timing of the next interest rate hike.
The Dow Jones Industrial Average and the S&P 500 index had extended losses immediately after the release of the Fed statement but rebounded later to close modestly higher.
The Dow rose 51.23 points, or 0.3%, to close at 18,041.55, recovering from an earlier 70-point deficit.
The S&P 500 gained 3.45 points, or 0.2%, to end at 2,095.15. It had been down as much as 9 points.
The Nasdaq Composite index slipped by 25.14 points, or 0.5%, to finish at 4,863.14. Earlier, it had been down by as many as 62 points.
Shares of Apple slumped 6.3% after the company late on Tuesday reported profit that fell short of Wall Street estimates.
Shares of Twitter sank 16% after the social-media company late on Tuesday reported disappointing quarterly revenue and a downbeat forecast.
In the day's economic news, US trade data showed that its trade gap in goods had fallen 9.5% to US$56.9 billion in March.
Separately, a gauge of pending home sales rose by 1.4% in March - its second monthly increase.
Oil futures settled at a five-month high of US$45.33 a barrel - the highest finish since Nov. 4. - after reports that US crude production had fallen for a seventh straight week.
No comments:
Post a Comment