US stocks finished trading on Wednesday multidirectional movement


Moscow. May 4. INTERFAX.RU – the US Stock indices changed slightly and mixed at the end of trading on Wednesday on the outcome of the meeting of the Federal reserve system (fed), leaving unchanged the main parameters of monetary policy, writes MarketWatch.

The fed following the meeting of 2-3 may have decided to keep its target range for interest rates on Federal loan funds (federal funds rate) at 0.75-1% per annum. The decision was made by FOMC members unanimously and coincided with the expectations of the vast majority of economists and market participants. In the FOMC statement following the meeting of the marked weakening of economic activity in the United States, while in March it was indicated preservation of the moderate pace of economic growth.

However, the leaders of the Federal reserve believe the slowdown of economic growth in the first quarter as a temporary phenomenon, and also note the fact that US inflation is close to the long-term target of 2%.

The value of the shares of Yum Brands Inc. rose at the end of trading on Wednesday by 2.9% due to stronger-than-expected reporting of the owner of the restaurant chain KFC and Pizza Hut.

Securities Of Mondelez International Inc. and Clorox Co., quarterly reports which were better than market forecasts, rose, respectively, 2.9% and 0.9%.

Stock quote Reynolds American results for the last quarter missed expectations, fell by 0.6%.

The Dow Jones Industrial Average by the close of the market on Wednesday rose by less than 0.1% to 20957,9 points.

Standard & Poor’s 500 also fell 0.1% to 2388,13.

Value of index Nasdaq Composite has decreased on 0,4% – to 6072,55 points.

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