Wall Street Closes Volatile Day As Fed Meeting Nears
robertcicchetti/iStock/Thinkstock(NEW YORK) – Wall Street finished a wild day ahead of a Federal Reserve meeting next week.
The Dow closed down 31.98 (-0.18%) to finish at 18,034, its lowest close since July.
The NASDAQ rose 18.52 (0.36%) to close at 5,173 and the S&P finished the session down 1.25 (-0.06%) to end at 2,125.
The Federal Reserve meets next week and could announce it’s raising interest rates for the second time in less than a year.
A mega corporate merger is underway. Bayer’s offered to buy Monsanto for $66 billion. It’s the largest cash bid for a company in history, and the biggest takeover this year. The combined company would control more than a quarter of the world’s seed and pesticide market.
Ford is shifting all of its small car production to a new $1.6 billion assembly plant south of the border to Mexico.
UPS says it’s going to hire 95,000 seasonal workers this year, 5,000 more than 2015.
Copyright © 2016, ABC Radio. All rights reserved.
Leave a Reply
You must be logged in to post a comment.