TELETRADER News
11/25/2022, 7:02 PM (Source: TeleTrader)
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US closes mixed as Fed remarks settle in

Major stock indexes in the United States traded mixed at the close on Friday, as the session was cut short due to the Thanksgiving week. Investors continued to assess the Federal Reserve's latest minutes, from the central bank's previous meeting, which hinted that it is leaning toward a decrease in the pace of interest rate hikes.

In other news, it was reported that Microsoft's potential acquisition of Activision Blizzard, valued at $69 billion, might be blocked by the Federal Trade Commission (FTC), which seemingly negatively affected the tech sector.

The Dow Jones traded 0.45% or 152 points higher at the closing bell, with Boeing up 2.01%. The Nasdaq 100 tumbled 0.70% at the close, as JD.com plunged 5.32%. At the same time, S&P 500 was flat. The euro was down 0.11% against the dollar at 3:59 pm ET, selling for 1.04029.

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