New York (Benchmark News) – Stocks on Wall Street to extend his descent on Tuesday (1/11/1999), when the U.S. Federal Reserve started a two-day monetary policy meeting.
Index Dow Jones Industrial Average plunged 105.32 points or 0.58 percent to close at 18,037.10. S&P 500 index lost 14.43 0.68 points or percent to end at 2,111.72, and the Nasdaq composite index decreased 35.56 0.69 points or percent to 5,153.58.
Investors continued to monitor meetings of the US central bank, which will release a statement after the end of a meeting on Wednesday afternoon local time, for further clues about the timing of the next interest rate rise.
However, analysts are widely estimated that the Fed will keep interest rates unchanged see in this meeting.
Wall Street also depressed, after a new poll showed the Republican candidate Donald Trump can win seats Presidency, an outcome that has been worrying about in the financial markets.
Presidential candidate Clinton is generally preferred by the market than Trump, who is seen as a “wildcard”, in part because of his strong criticism of the Chairman of the Federal Reserve Janet Yellen and international trade pact on the economic side, the Purchasing Managers Index (PMI) of the Manufacturing end of the U.S. seasonally adjusted from Markit 53.4 comes in in October from 51.5 in September, slightly better than previous estimates in 53.2.
The purchasing managers index for October recorded 51.9 per cent, according to the Institute for Supply Management (ISM) on Monday.
“The possibility of Manufacturing improved in January, but then could be decreased in this quarter. Employment, production and import of all coincided with the rising indicators, suggesting production is now more powerful, “said Chris Low & Sophia Kearney-Lederman, an economist at FTN Financial, in a note together.
In corporate news, shares of Coach Inc. strengthened 36.68 2.20 per cent to the US dollar after the US luxury retailers that posted a quarterly profit that beat market estimates…(Red)