Saturday, February 22, 2020

US stocks closed in green despite Fed minutes

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

U.S. stocks ended higher on Wednesday despite the minutes from the Federal Reserve’s January meeting suggested the central bank would continue to hold off rate hikes amid concerns over international trade and slowing domestic growth.

On the trade front, President Donald Trump said Tuesday that the U.S. may not increase tariffs on Chinese goods as scheduled after March 1, but he did raise the specter of addressing auto tariffs in Europe, which briefly helped pushed stocks lower as minutes were being digested.

The Dow Jones Industrial Average DJIA, 0.21% up 63.12 points, closed at 25,954.

The S&P 500 SPX, +0.28% slighter up 7.87 pts close at 2,786 and the Nasdaq Composite Index COMP, 0.03% up by 2.3 pts closed at 7,489.

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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