Home Blockchain News Dow Flails After Fed Defies Trump & Shocks Stock Market

Dow Flails After Fed Defies Trump & Shocks Stock Market

by Rss Feed from web
136 views
cryptocurrency news feed

By CCN: The Dow floundered on Thursday as the US stock market struggled to mount a convincing recovery from Wednesday’s triple-digit pullback. Meanwhile, the Federal Reserve continues to flex its independence, with Chair Jerome Powell refusing to bow to President Trump’s presumptuous demand that he cut interest rates. Dow Quakes After Fed Defies Trump Rate Cut Demand Powell’s move rattled the stock market and continued to weigh on major indices on Thursday morning. As of 9:37 am ET, the Dow Jones Industrial Average had lost 29.81 points or 0.11%; the DJIA last traded at 26,400.33. The S&P 500 traded sideways,

The post Dow Flails After Fed Defies Trump & Shocks Stock Market appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment