ASX set to slide, Wall Street seesaws after Fed decision
The FED is responsible for the determination of interest rates to influence both inflation and the labor market, and this year holds the rates on waiting, because President Donald Trump’s tariffs will increase the prices for any product. Inflation has so far refused to return to the Fed’s 2 percent target.
The stocks of companies that can get the greatest benefit from the easier interest rates helped the Fed to lead after releasing their projections. For example, small companies need to borrow money to grow and compete with larger competitors, and 1 percent of the Russell 2000 index were collected to lead the market.
Lyft lasted 11.9 percent higher after saying that it would bring autonomous driving greeting service to Waymo and Nashville.
Workday increased by 6.9 percent after Elliott said that it has established more than 2 billion dollars ($ 3 billion) and supported its management. The company, which helps customers manage their financial situation and human resources, has recently increased the cash sending program to investors through stock purchases up to 4 billion dollars.
However, a handful of influences for large technology stock decreases focus on indices. Nvidia fell 3.2 percent and Broadcom, for example, fell by 4.7 percent. Previously, they were helping to carry Wall Street in the midst of the madness of artificial intelligence technology, regardless of almost what interest rates did.
RCI Hospitality Holdings fell by 8.7 percent after trying to avoid paying millions of dollars sales taxes after accusing New York’s Chief Public Prosecutor’s Office, Bribes and other crimes. RCI has a country -wide strip clubs and sports bars, including Rick’s Cabaret.
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Stubhub, the online ticket market, jumped between small gains and losses shortly after starting to trade for the first time on the New York Stock Exchange. The stock is traded under the symbol of “stabbing” and pricing its first public offering as US $ 23.50 per share.
In exchanges abroad, the indices were mixed in Europe and Asia.
Japan’s Nikkei 225, data exports were hit by Trump’s tariffs, Japan’s exports to the United States decreased by 13.8 percent compared to the previous year after the record fell 0.2 percent.
