[Breaking] Kevin Warsh's First Fed Meeting... All Major Indices Close Lower
The market interpreted the first Federal Open Market Committee (FOMC) press conference led by Kevin Warsh as hawkish, causing all three major U.S. indices to close lower on June 17 (local time).
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On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average (Dow) ended down 0.98% from the previous trading day. The S&P 500 Index, which focuses on large-cap stocks, fell 1.21%, while the tech-heavy Nasdaq Index dropped 1.35% by the close of trading.
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