2024-03-16 22:04:40
US stock indices fell at the close of trading, the day before yesterday, under pressure from losses in technology company stocks, amid concerns about inflationary pressures, and with anticipation of the Federal Reserve meeting next week.
At the end of trading, the Dow Jones Index fell by 0.50%, or 191 points, to 38,714 points, the Standard & Poor’s 500 Index fell by 0.65%, or 33 points, to 5,117 points, and the Nasdaq Index fell by 0.95%, or 155 points, to 15,973 points. .
At the weekly level, the Dow Jones fell by about 0.20% and the Nasdaq by about 0.70%, while the Standard & Poor’s Bingo Index fell by 0.30%. During Friday’s session, Amazon shares fell 2.40% to $174.42, while Alphabet shares fell 1.35% to $141.18, and Microsoft shares fell 2.05% to $416.42.
US stocks rose this year amid expectations of a “soft landing” scenario in which inflation in the economy slows without entering a recession, in light of tightening monetary policy, with growing hopes that the Federal Reserve will reduce interest rates soon.
European stocks fell the day before yesterday as risk appetite continued to be weak and investors awaited the US Federal Reserve’s decisions on interest rates, but telecommunications company stocks limited losses.
The European STOXX 600 index closed down 0.2% after touching unprecedented levels in 3 of the past five sessions. The index recorded gains for the eighth week in a row, supported by a group of optimistic corporate estimates and expectations that the European Central Bank will reduce interest rates.
1710638318
#stocks #decline…and #eyes #Federal #Reserve #meeting