Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Caution on the US Stock Exchange Ahead of Interest Rate Decision

» Updated: 18 September 2024, 10:01

» Published: 17 September 2024

Caution on the US Stock Exchange Ahead of Interest Rate Decision
Photo: Mary Altaffer/AP/TT

Trading on the New York Stock Exchange was cautious on Tuesday ahead of the important interest rate decision expected on Wednesday from the US central bank. The leading indexes only moved marginally. The broad S&P 500 and Dow Jones industrial index closed unchanged, while the technology-heavy Nasdaq rose 0.2 percent.

Among the winners was processor manufacturer Intel. The stock rose 2.7 percent after the company announced an expanded collaboration with Amazon, where Intel will produce custom-built chips for the IT giant's cloud business.

It also went well for index-heavy Microsoft, up 0.9 percent, after the company increased its dividend. Microsoft also announced a share buyback program worth $60 billion, equivalent to 611 billion kronor.

On the other hand, Philip Morris fell after the tobacco giant announced a record loss of $220 million on the sale of Vectura Group, which manufactures inhalers for asthma patients. The Philip Morris stock fell 2.2 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

The Central Bank Lowers - but Uncertain After Trump's Victory
1 MIN READ

The Central Bank Lowers - but Uncertain After Trump's Victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange Rises at Opening
1 MIN READ

Stockholm Stock Exchange Rises at Opening

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night