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U.S. stocks stall amid dovish noises from central banks

2019-09-20 39 Dailymotion

Wall Street ended mixed on Thursday, with a gain in Microsoft offsetting a dip in Apple, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing.<br />At closing bell, the Dow Jones Industrial Average declined point-2 percent to end at 27-thousand-and-95 while the Nasdaq Composite crept up by less than point-1 percent and the S&P 500 stood flat at 3-thousand-and-seven.<br /> Seoul stocks ended higher Thursday... extending their winning streak to a tenth day, s the U.S. Federal Reserve's rate cut and hopes for progress in upcoming U.S.-China trade talks boosted market sentiment. <br />The benchmark KOSPI advanced one half a percent while the tech-heavy KOSDAQ edged up point-1 percent.<br /> Oil prices rose slightly on Thursday... supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates.<br />Brent crude futures gained nearly 2-percent to 64 dollars and 83 cents a barrel while the U.S. West Texas Intermediate crude settled up one percent at 58-66 a barrel.<br />

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