menu search

Wall Street Subdued As Chipmakers, Growth Stocks Drag; Fed Rate Meet In Focus

Wall Street Subdued As Chipmakers, Growth Stocks Drag; Fed Rate Meet In Focus
Wall Street main indexes were subdued in choppy trading on Monday as some megacap and chip stocks declined in the run-up to the Federal Reserve’s interest rate decision later this week. Treasury yields edged higher on uncertainty around the U.S. interest-rate trajectory through the year-end, pressuring some major growth names including Nvidia (NVDA.O) and Tesla (TSLA.O), down 3.1% and 3.8%, respectively. Apple (AAPL.O) bucked the broader trend to rise 1.1%. UK-based chip designer Arm Holdings ,... Read More
Posted: Sep 18 2023, 15:53
Author Name: vladimirribakov
Views: 091145

Search within

Pages Search Results: