Ahead of the Fed meeting, Wall Street Compact Weakens

SMKN 1 Slahung
SMKN 1 SLAHUNG – Major stock indexes in the US stock market on Thursday closed lower, after nine consecutive days recorded a positive level.The weakening of the index due to market consolidation over the issue of oil prices and ahead of a meeting of the Board of Governors of the Fed.
Quoted from pageCNBC,Friday, July 22, 2016, the Dow Jones Industrial Average (DJIA) on Thursday closed down nearly 0.5 percent, the biggest decline was supported by Goldman Sachs.Meanwhile, shares of McDonald remains positive.
Furthermore, for the components of the S & P 500, shares care sector, health, and utility green.Meanwhile, the Nasdaq composite index closed down 16 points.
“Weakness in the stock market at this time I think because the perpetrators hold a number of measures, mainly waiting to see what happens after the meeting of the Board of Governors of the Fed take place and give a statement,” said market strategist at Prudential Financial, Quincy Korsby.
Quarterly Earnings affected, Wall Street Varies
Based on the projections of the Fed meeting next week, the investors are expecting the US central bank has a tendency to raise the benchmark interest rate.Meanwhile, US crude oil prices was below the level of US $ 45 per barrel or suppress such efforts.
At the closing session Thursday, the Dow Jones Industrial Averageclosed down 77.8 points at 18517.2, with shares of Intel led slowdown, while McDonald led the revenue.
The S & P 500 also fell 7.86 points to 5073.90 position with care stocks, healthcare, and utilities posted positive results.Furthermore, the Nasdaq index fell 16 points to 5073.90 position, after posting its highest close this year on the day before.
The CBOE Volatility Index (VIX), which is widely considered the best gauge of fear in the market, traded near 12.73.Then, the volume of shares traded reached 810 million units with composite volume reached 3.37 billion units of shares.


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