Stocks drop as Fed avoids rate pause hint
Reuters - U.S. stocks fell on Thursday after the Federal Reserve raised key interest rates a quarter point for a ninth straight time without hinting that the year-long rate-rise cycle may soon come to an end.
Dow, Nasdaq Fall; Fed Ups Interest Rates
AP - Disappointed investors sent stocks sliding Thursday after the Federal Reserve said it would continue raising interest rates at a "measured" pace. As expected, the Fed also raised short-term rates for the ninth time in a year.
Stocks mainly lower as Fed delivers quarter-point hike, quashes hope for pause
Canadian Press - TORONTO (CP) - Stock markets moved lower Thursday afternoon as the U.S. Federal Reserve hiked its key interest rate a quarter-point to 3.75 per cent.
Dollar hits 9-mth high before rate move
Reuters - The dollar cleared a 9-month high against the yen and an 8-month peak against sterling on Thursday before an expected U.S. interest rate rise that could further boost the dollar's appeal to investors.
Thursday's Wall Street Glance
AP - Dow Jones Industrials
Traders Prepare for Fed Comments on Rates
AP - Thursday's trading on Wall Street ought to come with a warning — not for the faint of heart.
Dollar slips to lows on May durable goods
Reuters - The dollar initially slipped to session lows against the euro on Friday, after a report showed demand for U.S. big ticket items slipped in some categories in May.
Two More Seat Holders Sue NYSE Over Merger
AP - Two more New York Stock Exchange seat holders filed suit against the Big Board Thursday, seeking the release of documents and records of the exchange's merger agreement with all-electronic rival Archipelago Holdings Inc.
US blue-chip stocks end lower
Reuters - U.S. blue-chip stocks ended lower on Wednesday, as weakness in Ford Motor Co. shares spread to its Detroit rival and Dow component General Motors Corp., while tech stocks drew support from a higher outlook from Jabil Circuit Inc.
Stocks seen touch higher on techs
Reuters - Technology stocks could drive U.S. stocks higher early on Wednesday but a fresh earnings warning from Ford and another expected drop in U.S. oil inventories should keep market gains limited.
1 comment:
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