TELETRADER News
9/22/2022, 10:00 PM (Source: TeleTrader)
more TeleTrader news

US drops at close, Nasdaq down 1%

Major stock indexes in the United States traded lower at the close on Thursday after a day of trading predominantly in the red territory following the Federal Reserve's latest decision to make a third in a row interest rate hike of 75 basis points. The negative sentiment pushed the S&P 500 and the Nasdaq to drop to their lowest level since mid-July this year and the Dow Jones to its lowest level since June.

Not long before the close, FedEx published its latest financial results, while Costco will do the same after the closing bell today.

The Dow Jones went down by 0.36% at the close as American Express Co dropped by 3.82%. The S&P 500 decreased by 0.85% at 4:30 pm ET, with Caesars Entertainment falling by 9.44%. The Nasdaq 100 slipped 1.17%, while Airbnb Inc went down by 9.03%. The euro traded flat against the dollar at 4:30 pm ET, selling for 0.98385.

Baha Breaking News (BBN) / MM