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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Wall St Week Ahead: Elevated rates cloud small caps outlook
Wall St ends higher, jobs data beef up case for rate cuts
Oil records steepest weekly loss in 3 months
DNB board to meet soon on 5G share sale deal
XOX plans share capital reduction
Yew Lee expects to return to profitability on wider customer base
Demand for co-working space remains resilient
Industrial projects look increasingly attractive
To give or not to give?
On expansion mode

Others Also Read