{"id":1947582,"date":"2023-06-14T19:17:02","date_gmt":"2023-06-14T23:17:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-stocks-end-mixed-after-fed-signals-more-rate-hikes-to-come\/"},"modified":"2023-06-14T19:19:17","modified_gmt":"2023-06-14T23:19:17","slug":"us-stocks-end-mixed-after-fed-signals-more-rate-hikes-to-come","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-stocks-end-mixed-after-fed-signals-more-rate-hikes-to-come\/","title":{"rendered":"US stocks finish with mixed results as Fed hints at future rate increases."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-stocks-end-mixed-after-fed-signals-more-rate-hikes-to-come%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1947582&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>U.S. Stocks React to Fed&#8217;s Interest Rate Decision<\/strong><\/p>\n<p>By Noel Randewich and Sruthi Shankar<\/p>\n<p>(Reuters) \u2013 U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Trading was choppy and volume was heavy after the rate-setting Federal Open Market Committee (FOMC) reacted to a stronger-than-expected economy and a slower decline in inflation.<\/p>\n<p>The new projections added a hawkish tilt to the Fed\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-nation-uk-sees-largest-decline-in-wages-since-2014\/\" title=\"Inflation Nation: UK Sees Largest Decline in Wages Since 2014\">interest rate decision<\/a>, showing policymakers at the median see the benchmark overnight interest rate rising from the current 5.00%-5.25% range to a 5.50%-5.75% range by the end of the year. <\/p>\n<p>\u201cSome people were expecting that the Fed would actually pause this month, but also not raise rates anymore,\u201d said Sam Stovall, Chief Investment Strategist at CFRA Research. \u201cHowever, it does seem as if the FOMC members have become even more hawkish since the last meeting, and I think that has taken investors by surprise.\u201d <\/p>\n<p>Earlier on Wednesday, a bigger-than-expected drop in U.S. producer prices in May due to a decline in the costs of energy goods and food signaled that inflation was cooling. Data a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-stocks-end-mixed-after-fed-signals-more-rate-hikes-to-come\/\" title=\"US stocks finish with mixed results as Fed hints at future rate increases.\">day earlier showed consumer prices moderated<\/a> last month. <\/p>\n<p>Traders now see a 63% chance the central bank will raise interest rates in July, up from 60% earlier on Wednesday, according to the CME Fedwatch tool.<\/p>\n<p>Shares of Tesla Inc dipped 0.74%, putting the brakes on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-unknowns-delay-teslas-ramp-up-of-its-own-cutting-edge-batteries\/\" title=\"Analysis-\u2018Unknowns\u2019 delay Tesla\u2019s ramp-up of its own cutting-edge batteries\">electric car maker\u2019<\/a>s 13-session streak of gains, its longest ever. Over $43 billion worth of Tesla shares were traded, more than any other stock in the S&#038;P 500.<\/p>\n<p>Heavyweight chipmakers Nvidia and Broadcom both rallied more than 4% and closed at their highest levels ever, lifting the Nasdaq and S&#038;P 500. The Philadelphia semiconductor index jumped 1.5%, bringing its gain in 2023 to 48%.<\/p>\n<p>Volume on U.S. exchanges was strong, with 12.1 billion shares traded, compared to an average of 10.7 billion shares over the previous 20 sessions.<\/p>\n<p>The S&#038;P 500 climbed 0.08% to end the session at 4,372.59 points.<\/p>\n<p>The Nasdaq gained 0.39% to 13,626.48 points, while Dow Jones Industrial Average declined 0.68% to 33,979.33 points.<\/p>\n<p>Weighing on the Dow, UnitedHealth Group tumbled 6.4% after the health insurer warned of a spike in medical costs in the second quarter as more older adults undergo non-urgent procedures they had delayed during the pandemic.<\/p>\n<p>The S&#038;P 500 health sector index dropped 1.1% and the S&#038;P 500 managed healthcare index fell 6.9%, closing at its lowest in a year.<\/p>\n<p>However, shares of hospital operators Universal Health Services jumped 3.7% and HCA Healthcare rose 1.6%.<\/p>\n<p>Advanced Micro Devices gained over 2% after Reuters reported that Amazon\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-mexico-cloud-unit-to-open-local-zone-in-early-2023\/\" title=\"Amazon Mexico cloud unit to open \u2018local zone\u2019 in early 2023\">cloud computing unit<\/a> may use its new artificial intelligence chips.<\/p>\n<p>U.S. stocks have rallied in recent weeks, lifting the benchmark S&#038;P 500 and Nasdaq to 14-month highs following signs of economic resilience, a better-than-expected earnings season and bets that interest rates are near their peak. <\/p>\n<p>The S&#038;P 500 is up about 14% so far in 2023, while the Nasdaq has climbed about 30%.<\/p>\n<p>While megacap technology stocks have driven much of the gains this year, economically sensitive small-cap shares as well as material and banking sectors have joined the rally recently.<\/p>\n<p>Declining stocks outnumbered rising ones within the S&#038;P 500 by a 1.3-to-one ratio.<\/p>\n<p>The S&#038;P 500 posted 40 new highs and 2 new lows; the Nasdaq recorded 90 new highs and 69 new lows.<\/p>\n<\/p>\n<p> (Reporting by Shristi Achar A and Sruthi Shankar in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Vinay Dwivedi and David Gregorio)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/sp-500-nasdaq-futures\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-15\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Controversies and News Highlights<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>On Tuesday, 45th President Trump visited a restaurant in Miami after his arraignment. CNN aired the moments with anchor Jake Tapper saying \u2018I don\u2019t need to see any more of that.\u201d <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>There have been weeks of controversy surrounding the Los Angeles Dodgers decision to honor the Sisters of Perpetual Indulgence, the self-described \u201cqueer and trans-nuns\u201d group.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A school board in southern California, Temecula Valley fires its superintendent, Jodi McClay amid controversy surrounding the board\u2019s decision to pull curriculum discussing Harvey Milk \u2013 the first openly gay man to be elected to public office in California.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Alex Stein<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) \u2013 Alphabet\u2019s Google was charged by EU antitrust regulators with anti-competitive practices in its digital advertising\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Microsoft Corp\u2019s $69 billion acquisition of video game maker Activision Blizzard faced another hurdle on Tuesday after a U.S. judge\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Paul Sandle and Clare Jim LONDON\/HONG KONG (Reuters) -Vodafone and CK Hutchison finally unveiled the merger of their British operations on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Fanny Potkin SINGAPORE (Reuters) \u2013 Incoming GoTo CEO Patrick Walujo is planning to head the Indonesian technology company only temporarily and\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks closed mixed as the Federal Reserve maintained interest rates but hinted at a potential half-point increase by year-end. Trading was volatile with low volume.<\/p>\n","protected":false},"author":66,"featured_media":1947583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[7498,9441,3899,4503,8489,18186,6366,10467],"class_list":["post-1947582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-fed","tag-finish","tag-future","tag-hints","tag-increases","tag-mixed","tag-rate","tag-stocks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1947582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1947582"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1947582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1947583"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1947582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1947582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1947582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}