U.S. Stocks See Flat Start as Investors Await Remarks by Fed Chairman
Tuesday, 25 June 2019 20:48 WIB | MARKET UPDATE |S & P 500Saham AS
U.S. stocks opened little changed Tuesday as investors awaited remarks by Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average rose 13 points, or less than 0.1%, to 26,740, while the S&P 500 was down less than a point at 2,944. The Nasdaq Composite was off 0.1% at 7,997.
Investor expectations for the Federal Reserve to deliver a rate cut as early as next month were boosted after last week's policy meeting and Powell's news conference.
Powell will have the opportunity to affirm or soften those expectations when he speaks at 1 p.m. Eastern at the Council on Foreign Relations in New York.
Shares of Allergan PLC jumped nearly 29% after agreeing to be bought by fellow drugmaker AbbVie Inc. in a deal valued at $63 billion. Abbvie shares fell 11.5%.
Source : Market Watch
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