Wall St barely gains as traders digest Fed comments


The Dow rose 1.81 points, or 0.01%, to 34,947.28, the S&P 500 gained 5.78 points, or 0.13%, to 4,514.02 and the Nasdaq added 11.81 points, or 0.08%, to 14,125.48.

NEW YORK: Wall Street's three major indices edged up slightly on Friday as investors digested recent gains while remarks from Federal Reserve officials clouded the outlook about when the US central bank might start cutting interest rates.

Vice-chair for Supervision Michael Barr said he believes the Fed is at or near the peak of interest rate hikes, but San Francisco Fed chief Mary Daly and Boston Fed President Susan Collins highlighted the need for more evidence of cooling inflation.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Bursa’s quiet year sets stage for comeback
Trump travel ban adds to Caribbean woes
Is our bourse still attractive?
Bursa should knock on more doors
Big tech’s hidden depreciation risk
Indonesia treads with care
Pricey beans�brew consumer shift
Guiding rural Thais to prosperity
Philippine stocks set for recovery
Where to invest beyond AI hype

Others Also Read