Dow Jones futures fell today. Tonight marks a decline in the Wall Street stock market. Continuing from yesterday's fall
As of 5:49 p.m. Thailand time, the Dow Jones futures index lost 76 points, or 0.19%, to 40,882 points.
Shares of cybersecurity firm CrowdStrike fell more than 10% in pre-Wall Street trading today. After a problem with the system causes chaos in the business world around the world.
The Dow fell more than 500 points yesterday, while the S&P 500 and Nasdaq fell 0.8% and 0.7%, respectively.
The US Federal Reserve (Fed) will enter a blackout period tomorrow (July 20) before the central bank holds its monetary policy meeting (FOMC) on June 30-31.
Federal Reserve regulations prohibit central bank officials from commenting or giving interviews during the blackout regarding monetary policy. It starts on the second Saturday before the FOMC meeting and ends on the Thursday after the FOMC meeting, preventing the public from interpreting it as a signal of the Fed's interest rate action at the upcoming monetary policy meeting.
CME Group's FedWatch tool indicates that investors expect the central bank to cut interest rates three times this year in September, November and December. After the release of the US Consumer Price Index (CPI), it was lower than expected. This would be a factor supporting the central bank's interest rate cut.
By InfoQuest News Agency (19 July 2024)
Tags: Dow Jones Futures, New York Stock Exchange, Wall Street Stock Market, US Stock Market
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