EDITOR'S NOTE
U.S. stocks closed lower Friday as investors await the Federal Reserve's highly anticipated September meeting next week.
The Dow Jones Industrial Average notched its third straight negative week for the first time since September 2020. Meanwhile, the S&P 500 closed lower for a second consecutive week.
For September, a historically weak month for markets, all three major stock indexes are negative.  Investors are awaiting insights about the Fed's tapering of pandemic-era easy-monetary policy at the central bank's meeting this coming week.
Fed Chair Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics, particularly after mixed economic data released since Powell's last comments.
Some strategists speculate that the central bank may be more restrained next week, especially as stocks enter a tumultuous period and rhetoric in Washington heats up.
"I think the Fed wants to stay out of the fight at this point. There's just too much ambiguity," said Morgan Stanley Investment Management's Jim Caron. "They're not going to announce tapering," he added. "Their statement is going to be carefully worded. The bar is really high for them to say anything hawkish right now. Between now and the next meeting, we should have a pretty good idea about the debt ceiling and where the infrastructure stands." TOP NEWS
TOP VIDEO
CNBC PRO
SPECIAL REPORTS
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jumat, 17 September 2021
S&P 500 notches another losing week | Fed Day ahead | Insider trading with Goldman deal?
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar