12/4/2023, 10:00 PM (Source: TeleTrader)
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Wall Street closes lower amid Fed uncertainty

Stock exchanges in the United States closed lower on Monday as traders' confidence that the Federal Reserve would soon move away from high interest rates waned. The sentiment was apparently reflected in the bond and precious metals markets.

The Dow Jones Industrial Average index was down 0.11% at the close, easing earlier losses. Worst performer Salesforce fell 3.59%. The Nasdaq 100 contracted by 0.99% at the end of the trading session as Sirius XM Holdings dropped 6.25%. The S&P 500 closed 0.54% lower. Alaska Air Group dragged down the index after plummeting 14.22%.

The euro was down 0.42% compared to the dollar and changed hands for 1.08335 at 3:59 pm.

Baha Breaking News (BBN) / MS