TELETRADER News
3/19, 9:01 PM (Source: TeleTrader)
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Wall Street closes mostly lower amid economic recovery

The United States' major stock markets closed mostly lower on Friday as investors reacted to signs of economic recovery. The Federal Reserve revealed the exemption on the supplemental leverage ratio (SLR) that was introduced at the start of the coronavirus pandemic would expire on March 31. Dow Jones lost 300 points intraday after the revelation. Meanwhile, markets are anticipating multiple Fed official's appearances next week to hear their assessment of the state of the economy.

The Dow Jones lost 0.71% and the S&P 500 slid 0.06% both led by Visa dropping 6.24% at the closing bell after news of Justice Department probes. The Nasdaq 100 grew by 0.61% led by Peloton jumping 5.42% after it was reported that Jefferies investing company decided to gift pelotons to its employees.

The euro traded 0.10% lower against the dollar exchanging hands for $1.19042 at 4:02 pm ET.

Breaking the News / LH