The Federal Reservemaintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.
U.S. stocks attempted to regain some footing with modest gains for the S&P 500 and Nasdaq Composite while the Dow Jones Industrials remained under pressure.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34996.07 | -62.45 | -0.18% |
SP500 | S&P 500 | 4409.93 | +8.47 | +0.19% |
I:COMP | NASDAQ COMPOSITE INDEX | 14796.19726 | +135.62 | +0.93% |
Chairman Jerome Powell's press conference tackled the emerging COVID-19 Delta variant, inflationary trends, and the ongoing debate about tapering.
FOX Business' LIVE Blog below, monitored the developments and market reaction. Mobile users click here.
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