Dow Jones closes up 6.06 points, market watches Fed meeting – Hua Seng Heng Hua Seng Heng

Dow Jones closes up 6.06 points, market watches Fed meeting – Hua Seng Heng Hua Seng Heng
Dow Jones closes up 6.06 points, market watches Fed meeting – Hua Seng Heng Hua Seng Heng


The Dow Jones New York Stock Exchange Index closed slightly positive on Monday (Sept. 18) amid volatile trading. Meanwhile, investors are keeping an eye on the Federal Reserve’s (Fed) monetary policy meeting this week and the consideration of the budget bill in the US Congress.

The Dow Jones Industrial Average closed at 34,624.30 points, up 6.06 points or +0.02%, the S&P500 Index closed at 4,453.53 points, up 3.21 points or +0.07%, and the Nasdaq Index closed at 13,710.24 points, up 1.90 points or +0.01%.

Trading conditions in the market are volatile. Before the Fed’s Monetary Policy Committee (FOMC) will begin meeting on Tuesday, September 19, and announce meeting resolutions on Wednesday, September 20, US time. Most recently, investors gave almost 100% weight in predicting that The Fed will maintain interest rates at 5.25-5.50% at this meeting. and gave a 69% weight to the Fed to maintain interest rates at the same level at their November meeting.

At this monetary policy meeting The Fed will release its policy interest rate forecast (Dot Plot), as well as figures for inflation, unemployment and U.S. economic growth. In addition, Fed Chairman Jerome Powell will hold a news conference after the meeting to clarify the direction of rates. Fed interest

The market is also being pressured by concerns that The deadlock in the passage of federal budget bills could result in shutdowns or shutdowns of U.S. agencies. Meanwhile, US Treasury Secretary Janet Yellen warned that a shutdown of US government agencies would cause the US economy to lose momentum. This is a risk that the United States does not want to happen.

On August 1, Fitch Ratings announced a downgrade of the Long-Term Foreign-Currency Issuer Default Rating of the United States to AA+ from AAA, stating that Political stalemate has sent the US debt through the roof several times. And most will escape defaulting on their payments at the last minute. These situations have undermined confidence in fiscal management.

Energy stocks surge After WTI oil prices soared above $91/barrel last night. And it was the stock that rose the strongest in the S&P500 index, while luxury goods stocks fell.

Shares in Arm Holdings, a chip design company owned by SoftBank Group, fell 4.5% after analysts at Bernstein Securities said Arm shares were likely to underperform the market. (Underperform)

For the US economic data that was released last night. The National Association of Home Builders (NAHB) reports that The Home Builders Confidence Index dropped 5 points to 45 in September, with the index below 50 for the first time in seven months, indicating a negative outlook among home builders.

Other economic data that will be released this week include: Numbers of home construction starts in August, number of people applying for weekly unemployment benefits, second-hand home sales in August, leading economic indicators for August from the Conference Board, Purchasing Managers’ Index (PMI) Primary services sector, September, S&P Global and Purchasing Managers’ Index (PMI), Primary manufacturing sector, September, S&P Global.

Source: InfoQuest News Agency

Tags: Dow Jones closes points market watches Fed meeting Hua Seng Heng Hua Seng Heng


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