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NYSE Closes Mixed Following Fed Remarks

M. Ali 28 August, 2020 1:57 am Global Stock Market, Market Update

The New York Stock Exchange (NYSE) closed mixed on Thursday, after remarks by the US Federal Reserve suggested inflation could go above the 2% target.

The Dow Jones Industrial Average rose by 0.57% to finish at 28,492.27 points.

The S&P 500 index closed at another all-time high after rising by 0.17% and closing at 3,484.55 points.

Meanwhile, the Nasdaq Composite lost 39.7 points or 0.34% to settle at 11,625.34 points.

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