US STOCKS CLOSE LOWER AS INVESTORS WEIGH FED'S NEXT MOVE
newscatcher
2023-06-17 02:36
US STOCKS CLOSE LOWER AS INVESTORS WEIGH FED'S NEXT MOVE
NEW YORK, June 17 (Bernama-Xinhua) -- US stocks ended lower on Friday as investors weighed the path of monetary policy tightening by the Federal Reserve and the sustainability of the recent bull market, reported Xinhua. The Dow Jones Industrial Average fell 108.94 points, or 0.32 per cent, to 34,299.12. The S&P 500 dipped 16.25 points, or 0.37 per cent, to 4,409.59. The Nasdaq Composite Index lost 93.25 points, or 0.68 per cent, to 13,689.57. Eight of the 11 primary S&P 500 sectors ended in the red, with communication services and technology leading the laggards by going down 1 per cent and 0.

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