2023-07-05 14:41:02
US stock indices fell at the beginning of trading, on Wednesday, as investors await the release of the minutes of the US Federal Reserve meeting for the month of June, in an effort to derive indications on the future path of monetary policy in light of the tension between China and the United States and weak economic data resulting from the decline in market sentiment in Beijing.
And last June, the US Federal Reserve decided to fix key interest rates within the range of 5 and 5.25 percent for the first time since January 2022.
And following the US Central Bank raised interest rates ten times in a row, starting in March 2022, the interest rate-setting committee of the Federal Reserve voted in favor of maintaining the current interest rates.
stock movements
The Dow Jones Industrial Average fell 73.75 points, or 0.21 percent, to 34,344.72 points in the first hours of the session.
The “Standard & Poor’s 500” index fell 13.55 points, or 0.30 percent, to 4442.04 points, while the “Nasdaq” composite index fell 44.67 points, or 0.32 percent, to 13772.10 points.
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