Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end mostly in red terrain on Friday

22-Sep2018

US markets end mostly in red terrain on Friday

The US markets ended the lackluster day of trade mostly in red terrain on Friday. Despite the choppy trading on the day, the Dow climbed to another new record closing high. Next week's Federal Reserve meeting also kept some traders on the sidelines amid a quiet day on the U.S. economic front. The Fed is scheduled to announce it latest monetary policy decision next Wednesday and is widely expected to raise interest rates by another quarter point. The accompanying statement is likely to attract considerable attention along with Fed Chairman Jerome Powell's press conference as traders attempt to gauge the outlook for further rate hikes. Most of the major sectors ended the day showing only modest moves, contributing to the lackluster close by the broader markets.

The S&P 500 slipped 1.08 points or 0.04 percent to 2929.67 and Nasdaq was down by 41.28 points or 0.51 percent to 7986.96, while Dow Jones Industrial Average surged 86.52 points or 0.32 percent to 26,743.50.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......