Loading...

Stocks are getting whacked as Trump scrutiny flares, Fed surprises - kawan-kawan Hallo JOHOR BAHARU NEWS, Dalam artikel yang anda baca kali ini dengan tajuk Stocks are getting whacked as Trump scrutiny flares, Fed surprises, Kami sediakan artikel ini untuk anda membaca dan mendapatkan maklumat di dalamnya. Mudah-mudahan kandungan posting Artikel Berita, Artikel ekonomi, Artikel kesihatan, Artikel maklumat umum, Artikel politik, Artikel sukan, Kami menulis ini, anda boleh memahami. Baiklah, membaca baik.

Tajuk : Stocks are getting whacked as Trump scrutiny flares, Fed surprises
link : Stocks are getting whacked as Trump scrutiny flares, Fed surprises

Stocks are getting whacked as Trump scrutiny flares, Fed surprises

AP Photo

This photo combo of file photos shows Republican presidential candidate Donald Trump, in New York, and Federal Reserve Chair Janet Yellen, in Washington.

US stocks slumped in pre-market trading amid new reports that President Donald Trump is being investigated for obstruction of justice, while investors also digested unexpectedly hawkish guidance from the Federal Reserve.

The tech-heavy Nasdaq Composite index was hit hardest, slipping 1.1% at 8:24 a.m. ET. The S&P 500 lost 0.7%, while the Dow fell 0.4%.

Equity weakness started in earnest on Wednesday after the Fed announced a 25 basis point rate increase as expected, but took a surprisingly hawkish stance on the pace of remaining hikes. The central bank also said it will shrink its $4.5 billion balance sheet this year, despite recent data showing that inflation is lagging its 2% target.

The Fed now faces a delicate balancing act as it attempts to reconcile flagging inflation with other positive economic data, like the US unemployment rate, which sits at its lowest in 16 years.

Meanwhile, US stocks that were starting to look immune to the myriad negative headlines surrounding Trump finally reacted to the latest news about the ongoing FBI investigation.

Obstruction of justice is a criminal and impeachable offense, and investors are clearly concerned that Trump will be unable to implement the proposed policies that have carried stocks higher since the election.

The stock sell-off is also being exacerbated by a broad decline in commodities, most notably continued losses in crude oil, which has slipped 4.6% over the past two days.

Further, Asian and European stocks were down in regular trading, also applying pressure to the US market.

Investing.com

NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2swae1V

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!

Thus Article Stocks are getting whacked as Trump scrutiny flares, Fed surprises

Itulah artikel Stocks are getting whacked as Trump scrutiny flares, Fed surprises Kali ini, mudah-mudahan dapat memberikan manfaat kepada anda semua. dengan baik, melihat anda dalam menghantar barang-barang lain.

Anda sedang baca artikel Stocks are getting whacked as Trump scrutiny flares, Fed surprises dengan alamat pautan https://johorbaharunews.blogspot.com/2017/06/stocks-are-getting-whacked-as-trump.html

Tweet

Subscribe to receive free email updates: