Categories: world

US stock futures pair losses in hollow action after the Fed move

US. Stock futures were crooked on Thursday, with investors rattled after the Federal Reserve rate hike and prospects for future moves and a bruising session that left all three indexes at the new record wager for 2018. How did the benchmarks go? ] Dow Jones Industrial Average Futures YMH9, -0.20% matched a loss of more than 150 points to trade 11 points to 23.302 while S & P 500 futures ESH9, -0.17% fell 0.65 points to 2.504. Nasdaq-100 futures NQH9, -0.11% incubated 7 points to 6.358. On Wednesday, Dow Jones Industrial Average DJIA, -1.49% fell 351.98 points, or 1.5% to 23.323.66 while the S & P 500 index SPX, -1.54% fell 1.5% to 2.506.96. Nasdaq Composite Index COMP, -2.17% tumbled 2.2% to 6.636.83. What drives the market? US stocks fell sharply after Fed raised federal funds by 25 points to a range of 2.25% to 2.5%, fourth-year interest rate increases with losses increased while Powell explained the decision and accompanying forecasts. This investor's disappointment came even after a political statement considered somewhat more sharp than the central bank's previous position and a survey of FOMC members shows that the media picker expects two interest rate hikes to be picked up next year instead of three increases as predicted at the Fed September meeting. What do other markets do? Asian stocks were closed in red, with Nikkei NIK, -2.84% decreases 2.8% and Hong Kong Hang Seng Index HSI, -0.94% slid 0.9%. European shares SXXP, -0.99% was lower. Experienced safer ports as…

US. Stock futures were crooked on Thursday, with investors rattled after the Federal Reserve rate hike and prospects for future moves and a bruising session that left all three indexes at the new record wager for 2018.

How did the benchmarks go?

] Dow Jones Industrial Average Futures

YMH9, -0.20%

matched a loss of more than 150 points to trade 11 points to 23.302 while S & P 500 futures

ESH9, -0.17%

fell 0.65 points to 2.504. Nasdaq-100 futures

NQH9, -0.11%

incubated 7 points to 6.358.

On Wednesday, Dow Jones Industrial Average

DJIA, -1.49%

fell 351.98 points, or 1.5% to 23.323.66 while the S & P 500 index

SPX, -1.54%

fell 1.5% to 2.506.96. Nasdaq Composite Index

COMP, -2.17%

tumbled 2.2% to 6.636.83.

What drives the market?

US stocks fell sharply after Fed raised federal funds by 25 points to a range of 2.25% to 2.5%, fourth-year interest rate increases with losses increased while Powell explained the decision and accompanying forecasts.

This investor’s disappointment came even after a political statement considered somewhat more sharp than the central bank’s previous position and a survey of FOMC members shows that the media picker expects two interest rate hikes to be picked up next year instead of three increases as predicted at the Fed September meeting.

What do other markets do?

Asian stocks were closed in red, with Nikkei

NIK, -2.84%

decreases 2.8% and Hong Kong Hang Seng Index

HSI, -0.94%

slid 0.9%. European shares

SXXP, -0.99%

was lower.

Experienced safer ports as the Japanese yen increased, with the dollar dropping 0.7% against the yen

USDJPY, -0.67%

to ¥ 111.67, with gold

GCG9, + 0.16%

increased 0.3% to $ 1 260 an ounce.

Crude oil prices resumed a selloff after a bout on Wednesday. February West Texas Intermediate Crude

CLG9, -3.53%

slipped $ 1.52 or 3.2% to $ 46.64 per barrel.

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