Fed keeps rates at the same level, U.S. stock exchanges closed down for the most part
Major U.S. stock indices completed trading mainly by falling, despite the Federal Reserve's decision to keep the rate without changes. At the end of the day Dow Jones grew by 0.13%, S&P 500 and Dow Jones. NASDAQ dropped 0.46% and 1.25% respectively. Yesterday, the results of the meeting of the U.S. Federal Reserve became known decided to keep the interest rate at the level of 0 - 0.25%. This is met the expectations of most market players and experts. Despite on the positive news, at the end of the trading session the main part of indexes have moved on to decline. The restraining factor is lack of specifics on the adoption of the new support package, the discussion of which is still ongoing in the White House. In addition, the election of a new U.S. head of state is approaching, which is expected to be held in Washington, DC. This fact adds to the uncertainty. The last one is the situation with the coronavirus is also increasing. Federev noted that the future of the American economy is closely linked to how it will be propagate further.