Recent Fed Comments Cause New York Stock Exchange to Conclude in the Red: Analysis and Impact

2023-11-09 20:17:00

The New York Stock Exchange interrupted its series of positive sessions on Thursday, the indices concluding in the red following comments from Fed boss Jerome Powell indicating that the American central bank “would not hesitate” to raise its rates further if necessary.

After eight days of progression, the broad S&P 500 index, the most representative of the American stock market, lost 0.81%. The Dow Jones slipped 0.65% and the Nasdaq, with its strong technological coloring, dropped 0.94%, according to provisional results.

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