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3/21/2018, 9:02 PM (Source: TeleTrader)
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Wall Street ends lower after Fed's rate hike

Markets in the United States closed in the red on Wednesday after US Federal Reserve's decision to raise interest rates by 0.25 points earlier today. American central bank also upgraded its gross domestic product forecast. Meanwhile, Fed's Chairman Jerome Powell stated that flat labor force participation has been largely unchanged in the past years, but with the aging population this is a "sign of improvement." In the meantime, market watchers were closely following the developments in the Cambridge Analytica scandal.

The Dow Jones Industrial Average index lost 0.18% at the end of the trading session, down 45 points. Apple was the biggest loser, falling 2.27%.

The S&P 500 also finished 0.18% in the negative territory, led by the losses in consumer staples sector.

The Nasdaq 100 fell 0.47% at the closing bell. Facebook shares were in focus, increasing 0.74% after the company's CEO Mark Zuckerberg released a statement, outlining steps to tackle the data breach scandal.

The euro gained 0.83% against the US dollar to sell for 1.2343 at 9:02 pm CET.

Breaking the News / VK