The three major indices of the U.S. New York Stock Exchange are showing a downward trend in early trading on the 20th (local time), the day after the March Federal Open Market Committee (FOMC) meeting.
As of 9:36 a.m. in the New York stock market on this day, the Dow Jones Industrial Average, which focuses on blue-chip stocks, is trading at 41,786.8, down 177.83 points (0.42%) from the previous trading day. The S&P 500, which centers on large-cap stocks, is down 22.23 points (0.39%) at 5,653.06, and the Nasdaq, which focuses on technology stocks, is trading at 17,686.43, down 64.36 points (0.36%).
Following the FOMC meeting the previous day, all three major indices closed up around 1%. The market was relieved as the Federal Reserve maintained its forecast for two interest rate cuts this year, and Fed Chair Jerome Powell predicted that the inflation impact from tariffs would be temporary. As expected, the Fed kept the benchmark interest rate steady at 4.25?4.5% annually.
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