Friday , 13 May 2022
Home / Market / U.S. Stock Exchanges: Energy Weakened Wall Street Closed Red

U.S. Stock Exchanges: Energy Weakened Wall Street Closed Red

Jakarta (Benchmark News) –

United States stock exchange closed weakened thin after the energy sector weakened over weakening oil prices.

Index Dow Jones Industrial Average closed down weakened 51.98 points or 0.29% to 18,086.4, while the Standard Poor’s 500 index weakened & 6.48 points or 0.3% to 2,126.5.

As quoted Reuters Federal Reserve Deputy, Stanley Fischer warned that economic stability could be threatened by a low interest rate and stressed that the level of employment and inflation are nearing the target of the central bank, but said it was not as easy for The Fed to raise rates.

Conflicting statements about the rise in interest rates from the Fed officials have added some uncertainty in the market, which has been grappling with the dynamics of the presidential campaign is full of turmoil and concerns about the performance of the listed company in the third quarter.

“Fischer’s statement only in line with Janet Yellen, people will look closer to what he has to say,” said Art Hogan, Chief market strategist at Wunderlich Securities, as quoted Reuters.

The energy sector weakened 0.6% after 0.8% WTI oil dropped to US $ 49,94 while Brent crude oil weakened 0.8% at UJS $ 51,52 per barrel. Oil prices were weighed down by concerns of oversupply, though stuck amid a decline in U.S. shale output projection.

Investors looking for performance reporting issuers, waiting with 7% of the issuers of the index S&P 500 company has released the financial report on Monday morning.

Shares of Bank of America Corp. rose thin 0.3% after earnings rose for the first time in the last three quarters and beyond estimation.
Mean while, the stock Netflix Inc. dropped 1.6% ahead of the release of third-quarter financial report, while Inc. weakened 1.2 percent, the third consecutive decline, which attracts the consumer sector weakened 0.8%…(Red)

Check Also

The Price Of Gold Down The Response Of The Fed’s Stance.

Benchmarknews, New York-gold prices down on Thursday (21/9/2017), settled below US $1,300 for the first time in September afterthe Federal Reserve hinted that U.S. interest rates will rise in …

Leave a Reply

Your email address will not be published.