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0 0 0 0 0.00357026939305409 0.00486854917234664 -0.000194741966893873 0.0122687439143134
Stock impact report

Most stocks fall as hopes weaken for a September cut to interest rates [Los Angeles Times (CA)]

Electronic Arts Inc. (EA) 
Last electronic arts inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ea.com
The S&P 500 edged down by 0.1%, coming off its first loss after setting all-time highs for six successive days. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite rose 0.1%. Stocks felt pressure from rising Treasury yields in the bond market after the Federal Reserve voted to hold its main interest rate steady. The move may upset President Donald Trump, who has been angrily lobbying for lower interest rates, but it was widely expected on Wall Street. What may have surprised investors more was Fed Chair Jerome Powell's pushing back on expectations that the Fed could cut rates at its next meeting in September. Besides Trump, two members of the Fed's committee have also been calling for lower rates to ease the pressure on the economy, and they dissented in Wednesday's vote. But Powell would not commit to a September cut in rates, pointing to how inflation remains above the Fed's 2% target, while the job market still looks to be “in balance.” A Show less Read more
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