December 16, 2020
22:23
–
US markets ended without direction on Wednesday after the Federal Reserve meeting.
–
Wall Street closed in dispersed order Wednesday, after the monetary meeting of the US Central Bank (Fed). The Dow dropped 0.15% to 30,154.54 points. The Nasdaq gained 0.50% to 12,658.19 points. The S&P 500 advanced 0.18% to 3,701.17 points. The Fed announced it would maintain its bond buybacks and kept its interest rates unchanged. She said she would continue to support the economy with a massive monetary stimulus until she saw “further substantial progress” on jobs and inflation.
–
In addition, the leader of the Republican majority in the Senate, Mitch McConnell, declared Tuesday evening “to be optimistic (…) on the conclusion of an agreement soon” for a plan of assistance to the Americans, after a session of negotiations late with Nancy Pelosi, the Democratic leader of the Senate. In terms of values, the American e-commerce platform Wish made an IPO through the back door on Wall Street. Listed by its parent company ContextLogic on the Nasdaq, the share closed on a decline of 16.46%, to 20 dollars.
–
–
