Volatile Wall Street Finally Rejected Its Fall After Fed Announcement

Wall Street rallied sharply before the Fed’s announcement but traded choppy after that and eventually closed nicely lower.
• Dow Jones: -1.7%
• Nasdaq: -1.8%
• Standard & Poor’s 500: -1.7%
Before the announcement, the index was up about 0.8 percent. After the announcement at 8 p.m., they rejected just as much, and during Fed Chairman Jerome Powell’s press conference, he showed up just over 1 percent before indexes fell again.

All sectors were closed in the red. The biggest losers were finance, commodities, telecommunications and consumer goods.

Grocers had a relatively good day, then general mills It announced better-than-expected quarterly results and at the same time raised its full-year forecast. The stock rose 5.7 percent and continued KelloggAnd the Kraft Heinz And the Campbell’s soup above.

Walmart Dow was the only company in Plus. The supermarket giant announced it would hire 40,000 seasonal employees before Christmas and the stock rose just under 1 percent.

defense companies Northrop GrummanAnd the Raytheon And the Lockheed Martin All initially rose after Vladimir Putin’s arms wiggled earlier in the day but closed relatively close to or below zero.

Deutsche Bank bought the sportswear company nike Before next week’s quarterly report and Morgan Stanley writes it Microsoft It looks attractive after the company raised earnings. Nike shares fell 2.6 percent, while Microsoft shares lost 1.4 percent.

During the evening, the news came too dead It is expected to reduce costs by 10 percent. The stock fell 2.7 percent.

New York Stock Exchange yesterday
Dow Jones: -1.0%
Standard & Poor’s 500: -1.1%
Nasdaq: – 1.0%

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