BANGKOK (AP) – Wall Street markets on Thursday returned some of the profits from a day ago that the Federal Reserve declared the US economy healthy and left key interest rates changed.
S&P 500 futures fell 0.4% before the Dow Jones Industrial Average bell and futures fell 0.3%. Nasdaq futures fell 0.5%.
The discount retailer jumped over 11% at Prema Market after reporting fourth quarter sales and profits that beat analyst expectations. The Philadelphia company has also issued strong sales guidance, saying it plans to open 150 stores this year.
Companies reporting after the closing bell on Thursday include FedEx and Nike.
Also, later on Thursday, the Labor Bureau will share the latest layoff-related data, while the National Association of Realtors will release existing home sales for February.
In addition to the Fed's announcement on Wednesday, the stock was boosted by ease of yields on the stock market. If Treasurys doesn't make a profit for investors, investors may be willing to pay a higher price for the stock.
The rally continued week of sharp How much pain investors are feeling, shaking the US stock market President Donald Trump The economy can withstand to rebuild the system. Trump's barrage of announcement It creates so much uncertainty that economists worry us about tariffs and other policies. business and Household You can freeze and recoup your spending.
Federal Reserve Chairman Jerome Powell acknowledged the rise in pessimism among US consumers and businesses shown in a recent survey, but he also pointed to data such as relatively low unemployment rates, indicating that the economy is still strong.
The Fed has stabilized interest rates this year after a sharp cut by the end of last year. Lower fees help boost the economy, but they can also push inflation upwards.
Fed officials have shown that by the end of the year they still have pencils tightened with two cuts to federal funding rates.
Powell opposed the fear of what was called “” Stagflation“The economy is stagnating, but inflation remains high.
In Europe, the market declined after mixed days in Asia. There, the Chinese market fell due to large sales of technology-related stocks.
Germany's DAX lost 1.5%, while Paris' CAC 40 fell by 1%. The UK FTSE 100 fell by just 0.1% at noon
The market was closed in Japan on holidays.
Hong Kong's Hangsen lost 2.2% to 24,219.95, while the Shanghai Composite Index fell 0.5% to 3,408.95. Shares in search engine company Baidu fell 5.4%, while shares in e-commerce and financial giant Alibaba fell 4%. JD.com lost 4.9%.
In Korea, Kospi scored 2,637.10 from 0.3%, while Australia's S&P/ASX 200 added 1.2% to 7,918.90.
Taiwan's Taiex jumped 1.9%, while Bangkok's set gave up 0.7%.
