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Wall Street in Wait-and-See Mood Ahead of Interest Rate Decision
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[Digital Daily Reporter Park Ki-rok] Ahead of the Federal Open Market Committee (FOMC) meeting next week, which will determine whether the U.S. central bank will cut interest rates in December, the New York stock market took a wait-and-see approach, with the three major indices closing mixed. On the 4th (local time), the Dow Jones Industrial Average closed at 47,850.94, down 31.96 points (-0.07%) from the previous trading day, while the S&P 500…
– I wouldn't be surprised if the markets now move sideways for a while, says the investment manager.
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