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Stock impact report

Wall Street falls after Fed statement, energy shares tumble [Reuters]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Reuters
Wall Street falls after Fed statement, energy shares tumble | Reuters 4 Min Read NEW YORK (Reuters) - The S&P; 500 and Nasdaq closed slightly lower on Thursday after a Federal Reserve statement, and energy stocks were the biggest drag on the S&P; as U.S. crude oil prices fell. The U.S. central bank said after its two-day meeting that strong job gains and household spending were keeping the economy on track but business investment “moderated from its rapid pace earlier in the year,” creating a possible drag on future economic growth. Aside from the comment about business investments, the Fed statement was largely as expected and suggested to investors that the Fed’s next rate hike would be in December. But some investors had hoped for a change in tone after October’s market sell-off. “The Fed has recognized that there is one part of the economy that is slowing a little bit, but it is not deterring them from their ‘gradual increase’ language. Not yet anyway,” said Jamie Cox, managing pa Show less Read more
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