US stocks were suspended on Wednesday after the Federal Reserve Bank announced several minutes at the May policy meeting.
Dow Jones Industrial Average lost 0.58%or 245 points, while the S & P 500 and NASDAQ composite index fell 0.56%and 0.51%, respectively. The central bank showed a careful approach to monetary policy and warned of “difficult trade off” in the future when inflation persists.
“Participants agree that it is appropriate to take careful approaches until the uncertainty of economic outlook is further increased and the net economic impact of government policy is more clear,” CNBC recorded a few minutes of CNBC. “Participants pointed out that while the inflation persists, the committee could face difficult tradeoffs.
In the trade negotiations, US President Donald Trump has always driven out the chickens by the Financial Times columnist or Trump, who created the term “taco trade.” Trump said his tactics are part of the negotiation strategy and trading partners like the European Union are eager to reach their transactions.
Meanwhile, the strong income of major retailers signaled that consumer spending is still strong. Abercrombie & Fitch Co.’s stocks rose 14%after the company reported strong results in the first quarter and guided the annual net sales growth from 3%to 6%. Meanwhile, HP’s stocks plunged 15% after losing import expectations and issued disappointing prospects due to “additional costs” due to tariffs.
NVIDIA stocks have increased extended trading after raising the top and yield. The company reported 96 cents of EP for $ 444 billion sales, estimated 93 cents per share and $ 43.3 billion. Data center sales rose 73% year -on -year, but the company missed $ 2.5 billion in sales due to export restrictions on chips in China. The quarterly margin was 61%, which was 71.3%without new China -related expenses.