Most global stock indices retreated Friday and were mixed for the week (只備英文版)
US stocks declined Friday. The Dow Jones industrials were down 0.8 percent but advanced 2.8 percent on the week. The S&P declined 0.9 percent but added 2.1 percent and the Nasdaq dropped 1.6 percent and added 0.7 percent on the week. The weakness partly reflected renewed concerns about the outlook for interest rates immediately after the Federal Reserve's monetary policy announcement Thursday. The Fed left interest rates unchanged as widely expected but indicated it remains on track to gradually raise rates despite signs of a slowdown in the pace of growth in business investment.
Global stocks were mixed in the aftermath of the midterm elections (只備英文版)
Stocks were mixed after the Federal Reserve announcement and energy stocks led the declines as oil prices fell. The Fed said ongoing strong job gains and household spending were keeping the economy on track but business investment “moderated from its rapid pace earlier in the year,” creating a possible drag on future economic growth. Aside from the Fed’s comment about business investments, many investors said the statement was largely as expected and suggested that the Fed’s next rate increase would be in December. The Dow Jones industrials were up 10.92 points, the S&P declined 0.3 percent and the Nasdaq retreated 0.5 percent.