Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | The National Bank of Cambodia and Central Bank of Madagascar seal a partnership to enhance bilateral economic cooperation. | Minister of Health Delivers Lecture on Leadership and Innovation on "Methods of Critical Thinking – Part 2" | BREAKING: Takeo Provincial Court President Dismissed for Premature Release of Murder Convict | BREAKING: Samdech Hun Sen Announces Absence from Senate Plenary Session After Positive COVID-19 Test |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | The National Bank of Cambodia and Central Bank of Madagascar seal a partnership to enhance bilateral economic cooperation. | Minister of Health Delivers Lecture on Leadership and Innovation on "Methods of Critical Thinking – Part 2" | BREAKING: Takeo Provincial Court President Dismissed for Premature Release of Murder Convict | BREAKING: Samdech Hun Sen Announces Absence from Senate Plenary Session After Positive COVID-19 Test |

S&P 500 Ends Lower After Fed Minutes

  • Posted Apr 7, 2022 14:51 by Anthony Ellis
  • 1708
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INTERNATIONAL: The benchmark S&P 500 fell on Wednesday (April 6), with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S. central bank's plans to fight inflation.

Fed officials "generally agreed" last month to trim $60 billion per month from the bank's Treasury holdings and $35 billion from its holdings of mortgage-backed securities, with the amounts phased in over three months "or modestly longer," according to the March 15-16 policy meeting minutes.

"The Federal Reserve is very clearly going to be focused like a laser on getting inflationary pressures down." said Michael Jones, Chairman and CEO at Caravel Concepts.

The S&P 500 lost 43.97 points, or 0.97%, to end at 4,481.15 points, while the Nasdaq Composite lost 315.35 points, or 2.22%, to 13,888.81.

The Dow Jones Industrial Average fell 144.67 points, or 0.42%, to 34,496.51.


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