• SENSEX  
    ( -2.39%)
  • USDINR  
    ( 0.49%)
  • GOLD  
    ( 1.11%)
  • Foreign Markets - Detailed News
US Stocks end mixed
30-Jan-20   08:31 Hrs IST
The US equity market finished session mixed on Wednesday, 29 January 2020, as better-than-expected results from blue-chip companies and the Federal Reserve upbeat tone on the health of the U.S. economy offset by lingering concerns related to China's coronavirus outbreak. At closing bell, the Dow Jones Industrial Average rose 11.60 points, or 0.4%, to 28,734.45, while the S&P 500 index slipped 2.84 points, or 0.1%, to 3,273.40. The Nasdaq Composite Index advanced 5.48 points, or 0.06%, to 9,275.16.

Stocks initially showed little reaction to the Fed's policy statement but steadily lost ground on the heels of a news conference by chairman Jerome Powell. The Federal Reserve left its policy interest rate unchanged as expected and said the economy is growing at a moderate pace, but Fed Chairman Jerome Powell acknowledged that the coronavirus epidemic in China introduces “uncertainty” into the outlook and also called asset valuations “somewhat elevated.”

The Federal Reserve announced its decision to leave interest rates unchanged following the conclusion of its two-day monetary policy meeting on Wednesday. The Fed decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent, keeping rates unchanged for the second straight meeting after three straight quarter-point rate cuts. The accompanying statement was largely unchanged from last month, with the Fed noting that recent data indicates the labor market remains strong and that economic activity has been rising at a moderate rate.

The Fed reiterated that business fixed investment and exports remain weak and that the annual rate of inflation continues to run below its 2 percent target. With regard to leaving rates unchanged, the Fed said it views the current stance of monetary policy as appropriate to supporting sustained expansion of economic activity, strong labor market conditions, and inflation returning to 2 percent.

Apple Inc gained 2.1% after the iPhone maker reported better than expected earnings, even as it braced for more disruptions in virus-hit China.

Boeing Co rose 1.72% after the aircraft manufacturer reported lower than expected annual loss. The planemaker forecasted nearly $19 billion in costs related to the grounding of its 737 MAX jets.

On U.S. economic data front, the U.S. trade deficit rose 8.5% in the fourth quarter, the Commerce Department said on Wednesday.

The National Association of Realtors said its index of pending home sales fell 4.9% in December from the previous month.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !