BANGKOK — Stocks are opening blended on Wall Street Monday. Cruise lines are falling while gold miner Freeport-McMoRan and Texas-based oil explorer Diamondback Energy are leading the gainers at the opening bell. The total S&P 500 and the Dow Jones Industrial Average are both up less than a percent and the Nasdaq Composite is flat. Trading is reluctant ahead of a two-day conference of the Federal Reserve’s policy-making committee that starts Tuesday. Economists anticipate the main bank to reveal another 0.75% walking in short-term rates as it quotes to rein in inflation.
(asterisk)(asterisk)(asterisk) THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears listedbelow (asterisk)(asterisk)(asterisk)
U.S. markets marched towards gains priorto the bell Monday ahead of this week’s conference of the Federal Reserve, which is trying to tamp down inflation without runningtheriskof a economicdownturn.
Futures for the Dow Jones Industrial Average acquired 0.4% and futures for the S&P 500 increased 0.3%.
European shares moved from losses to gains after Asian markets endedup lower and oil rates decreased.
On Wednesday, most economicexperts anticipate the Fed to reveal its 2nd 0.75% point boost in its short-term rate in a row, a significant boost that it hasn’t otherwise executed consideringthat1994 That will put the Fed’s standard rate in a variety of 2.25% to 2.5%, the greatest level because 2018.
The U.S. economy is slowing, however healthy hiring reveals it is not yet in economiccrisis, Treasury Secretary Janet Yellen stated Sunday on NBC’s “Meet the