NEW YORK, Dec 14 — Wall Street stocks were mostly down in early trading today as markets weighed the latest pandemic developments and amid anticipation of a key Federal Reserve decision.
On the positive side, Pfizer said its new anti-Covid pill reduced hospitalizations and appears to be effective against the new strain of the virus.But the broad-based S&P 500 dropped 0.4 per cent to 4,649.84, while the tech-rich Nasdaq Composite Index tumbled 1.0 per cent to 15,255.72.
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US Fed opens policy meeting focused on inflation threat | Malay MailWASHINGTON, Dec 14 — The Federal Reserve opened its two-day policy meeting today, focused squarely on how to address the worsening US inflation threat. Fed Chair Jerome Powell has signalled that the central bank will pull back on its pandemic stimulus measures more quickly, which would put it in...
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Wall Street ends down; investors eye Omicron and Fed meeting | Malay MailNEW YORK, Dec 14 ― Wall Street ended lower yesterday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week. Travel-related stocks fell, with the fast-spreading variant accounting...
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Tokyo stocks open lower ahead of Fed decision | Malay MailTOKYO, Dec 14 ― Tokyo stocks opened lower today, extending falls on Wall Street ahead of a US Federal Reserve decision and as markets weighed worries over the latest coronavirus variant. The benchmark Nikkei 225 index edged down 0.26 per cent, or 75.61 points, at 28,564.88 in early trade, while...
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Asian stocks dip as Omicron spreads, Fed decision looms | Malay MailSYDNEY, Dec 14 ― Asian stocks and oil prices slipped today as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week, including a key Federal Reserve meeting. MSCI's broadest index of Asia-Pacific shares outside...
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Dollar near one-week high, hawkish Fed overshadows central bank peers | Malay MailLONDON, Dec 14 — The US dollar scaled a one-week high today versus a basket of major currencies, supported by expectations of a hawkish Federal Reserve meeting and continued uncertainty about the Omicron coronavirus variant. Data later in the day on US factory gate inflation may cement...
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US Capitol riot panel moves to hold Trump aide in contempt | Malay MailWASHINGTON, Dec 14 — Lawmakers investigating the assault on the US Capitol prepared yesterday to vote on recommending criminal contempt charges against Donald Trump’s former chief of staff for refusing to testify. Mark Meadows has made clear he has no intention of complying with a subpoena to...
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