Friday, June 21, 2024

Wall Street closed down after a tumultuous session ahead of the Federal Reserve meeting


© Reuters. A special trader works on the trading platform on the New York Stock Exchange on Tuesday. Photo: Brendan McDermott / Reuters.

NEW YORK (Reuters) – Wall Street closed lower on Tuesday as interest rate sentiment was dragged down by losses in technology stocks, markets awaiting the outcome of the Federal Reserve Board meeting and rising geopolitical tensions in Ukraine.

Following what happened in Monday’s session, U.S. stocks were volatile between sharp losses and moderate gains, before three key indices closed lower, but were far from their lows during the session.

According to preliminary data, the benchmark Standard & Poor’s 500 Index ended with 54.05 points, or 1.23 percent, or 4,356.08 points, while the Nasdaq Joint Index fell 311.35 points, or 2.26 percent, to close at 13,543.78 points.

The industry index fell 54.31 points, or 0.16 percent, to close at 34,310.19 points.

(Produced by Waqti Al-Alfi for the Arabic Bulletin)

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Nadia Barnett
Nadia Barnett
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