GodThe results of the Federal Reserve left investors on Vall Street mostly cold on Thursday. Dov Jones's industry traded narrowly during trade, closing with a modest gain of 0.04 per cent to 26,119.22 points. Market S & P 500 cut 0.25 percent to 2806.83 points. Technological index Nasdak 100 dropped 0.62% to 7158.59 points.
Despite the fierce criticism of President Donald Trump, the Fed has kept its monetary policy and, as expected, has not touched its key interest rate. However, the central bank has announced a still gradual increase in interest rates.
Economists expected this decision. The risks to the economic outlook are balanced, the economy is growing at a rapid pace, according to the comment on the decision on the interest rate. The labor market is strong and the unemployment rate has dropped.
The Fed promises an early change
"The Fed's statement is in line with expectations," commented Thomas Altmann, portfolio manager at KC's partners. The fund remained on the course to further increase interest rates. "Unless something is unforeseen, the Fed will include the interest rate next December." Investors do not have "surprises".
Among the individual stocks, Kualcomm shares were negative with a loss of more than 8 percent. The world's largest smartphone chip maker has announced unexpectedly low sales and earnings targets for the current quarter. Earlier, Apple announced that it would use in the future its new iPhone models, Kualcomm's chipset competitor Intel.
Paipout Vorldpai released the third quarter and earnings forecast for the past year. With the last Voldpai there were no expectations, so the share fell by 3.1 percent.
Monster Beverage Energy Beverage Lists dropped 3.2 percent. According to media reports, the world's largest Coca-Cola drink company plans to launch two energy drinks under its own brand. Coca-Cola owns about 18 percent of Monster and has its own rights worldwide.
Following the end of trading, Valt Disnei announced the latest developments in the business. The media group earned earnings per share in the fourth quarter of the financial year, which was well above average analysts' estimates. Disney's works reacted after a trade with a 0.8 percent mark on numbers.
The euro fell significantly after a meeting of the central bank. Recently, the common currency cost $ 1.1362, which rose to $ 1.1445 in European afternoon. The European Central Bank (ECB) has set a benchmark of $ 1.1424. 10-year US government bonds that set the trend down by 1/32 points to 99 points, which is 3.24 percent.