Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

June 16, 2021, 2:04 p.m. EDT

Dow losses deepen, benchmark down around 300 points as Fed refers to inflation's rise as transitory

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Mark Decambre

U.S. stocks saw losses gather some steam Wednesday afternoon after the Federal Reserve, kept benchmark interest rates steady, as expected, but referred to inflation as transitory and said that it would need substantial further progress before tapering its asset-purchase program, which is currently running at $120 billion a month. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.51% was down nearly 300 points, or 0.9%, at 33,999 the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.51% was off 0.7% at 4,217, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.20% was off 0.6% at 13,995.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,107.49
+176.56 +0.51%
Volume: 150.95M
July 29, 2021 2:46p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,423.03
+22.39 +0.51%
Volume: 1.39B
July 29, 2021 2:46p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
14,792.82
+30.24 +0.20%
Volume: 2.65M
July 29, 2021 2:46p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.