Wall St indices end lower on rate-cut uncertainty


The Dow fell 173.96 points, or 0.38%, to 45,947.32, the S&P 500 lost 33.25 points, or 0.50%, to 6,604.72 and the Nasdaq lost 113.16 points, or 0.50%, to 22,384.70.

NEW YORK: US stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.

Data showed initial jobless claims dropped 14,000 to a seasonally adjusted 218,000 for the week ended September 20. Other data showed the US economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment.

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

Next In Business

Sentral REIT appoints Tay Hui Ling as CEO
Mega First to acquire 12.5% stake in Stenta Films for RM33.10mil
DXN inks MoU with Apex-Brasil to explore Brazil, eyes US$50mil investments
F&N to focus on innovation, diversification and transformation
Mulpha International invests US$20mil in Hong Kong's Sun Hung Kai bond programme
Ringgit breaches 4.04 level against US dollar after OPR maintained at 2.75%
Capital A’s Teleport to raise US$50mil via perpetual securities
Apex Healthcare to be delisted on Jan 27
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition

Others Also Read