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Friday, December 6, 2019
HomePosts Tagged "Dow Jones Industrial Average" (Page 9)

The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.

U.S. stock-index futures are extending a steep selloff that started in Asia on the back of worries about credit conditions in China and lingering concerns about the Fed’s plans to slow its bond buying. Dow futures are down 136 points, or 0.92%, while S&P 500 futures are off 1% in choppy trading. Treasury bonds are taking heavy losses as well, with the yield on the 10-year jumping 0.06 percentage point to 2.606%.