Wall Street ends near flat after Fed's mixed signals on future policy

Wall Street ends near flat after Fed's mixed signals on future policy

Wall Street ended little changed on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.br At closing bell, the Dow Jones Industrial Average rose point-1 percent to 27-thousand-147, the S&P 500 closed nearly flat and the Nasdaq Composite dropped one-tenth of a percent.br Seoul stocks ended higher Wednesday, extending their winning streak to a ninth day on eased concerns over oil prices following a weekend attack on Saudi oil facilities. br After choppy trading, the benchmark KOSPI rose point-4 percent to close at 20-71 while the tech-heavy KOSDAQ rose point-1 percent.br Crude oil prices extended their decline today after the Energy Information Administration reported a crude oil inventory build of 1-point-1 million barrels.br This compares with a 6-point-9-million-barrel draw a week earlier.br The West Texas Intermediate is trading down 1-point-9 percent at 58 dollars and 22 cents a barrel and the global benchmark Brent crude dropped 1-point-4 percent at 63-65 per barrel.


User: Arirang News

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Uploaded: 2019-09-19

Duration: 01:22

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