US stocks end lower as traders eye potential pause in rate hikes
STORY: U.S. stocks finished lower Monday. investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.
The Dow dropped six-tenths of one percent, the S&P 500 lost two tenths and the Nadsaq fell about a tenth.
The odds of the Fed standing pat at its meeting next week are now about 80 percent according to the CME FedWatch Tool. This follows a report out Monday that showed the U.S. services sector barely grew in May as new orders slowed, Traders however still see a 60-percent chance of another rate hike at the Fed’s July meeting. Hennion and Walsh President and Chief Investment Officer Kevin Mahn says he thinks the rate hikes in 2023 have ended.
“According to the Federal Reserve's own projections, they believe that the GDP or economy will only grow by 4/10 of 1% this year. Coming off first quarter that grew 1.3%. Second quarter that's projected to grow at 1.9% if I do the math right, that means a couple of consecutive quarters of negative GDP growth may be ahead of us. That's going to prevent the Fed from being more aggressive or raising more interest rates even more.”
Shares of Apple meanwhile rose ahead of its latest product announcement. The world's most valuable company unveiled an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone. The stock closed down nearly 1-percent.
And Tesla’s shares climbed close to two percent after the electric vehicle maker's sales of China-made cars in China jumped in May.
相關影片推薦
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音208,812 次觀看・22 小時前
- 1:50背刺青「要器捐」 老兵捐心.肝.腎 助4患者TVBS新聞網影音35,935 次觀看・1 天前
- 1:33日本明星公河馬是「女兒身」 天王寺動物園養七年才發現Yahoo奇摩(國際通)55,617 次觀看・23 小時前
- 1:26白蟻研究重大突破! 興大證實首次發現雜交混種白蟻民視影音17,600 次觀看・20 小時前
- 1:56新北議會衝突!陳明義兒2022選同區 早與蔣根煌結樑子民視影音97,044 次觀看・2 天前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞64,255 次觀看・1 天前
- 1:09《淚之女王》即將大結局!預告搶先看 金秀賢一句話讓金智媛瞬間愣住了娛樂星聞3,796 次觀看・16 小時前
- 3:26一分鐘報天氣 / 週五 (04/26) 鋒面再度東移南壓 週五六降雨再增 中南部留意較大雨勢Yahoo奇摩新聞(報氣象)10,254 次觀看・21 小時前
- 1:16麵店「非熟客禁帶兒童」 客人一顆星負評引熱議民視影音4,971 次觀看・20 小時前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室25,570 次觀看・3 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人3,387 次觀看・1 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅18,905 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily2,062 次觀看・7 小時前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友9,590 次觀看・4 天前