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Stocks in USA Variated Ended

Jakarta (Benchmark News) – US stocks closed mixed on Wednesday (09/07/2016), the Nasdaq composite index updating record of previous day’s close as Wall Street digested the Federal Reserve’s Beige Book report.

The Dow Jones Industrial Average fell 11.98 points, or 0.06 percent to end at 18526.14. The S & P 500 closed down slightly 0.33 points, or 0.02 percent, to 2186.15, while the Nasdaq composite index rose 8.02 points, or 0.15 percent, to 5283.93.

According to the Beige Book released in the afternoon, reports from the twelve Federal Reserve districts indicate that economic activity continues to expand nationwide at a moderate pace during the reporting period of July until the end of August.

“Labour market conditions remained tight in most districts, with wage growth generally recorded moderate. The increase in overall prices remain low,” the Beige Book said.

The Fed has been in focus recently, as investors ponder about when the US central bank will decide to raise interest rates.

Federal Open Market Committee (FOMC), the Fed’s monetary policy unit, will hold their meeting September 20 to 21.

On the economic front, the number of job vacancies rose to 5.9 million on the last working day of July, the US Labor Department reported on Wednesday.

In corporate news, all eyes are on Apple, which launched the iPhone 7 at an event in San Francisco on Wednesday afternoon. Shares of the tech giant rose 0.61 percent to 108.36 dollars per share after the event.
(Red)

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