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Red Across the Board on FOMC Meeting Jitters

By Columns FOXBusiness

The U.S. markets saw declines across the board Friday, as concerns that next week’s Federal Reserve policy meeting could signal interest rate hikes overshadowed positive consumer sentiment and retail sales data.

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Market Radar - % Change

Crude oil slipped to $92.27 per barrel, down $0.56 or 0.60%, while gold fell $7.5 per ounce to settle at $1,231.50, down 0.16%.

The major indexes all finished lower. The Dow Industrials fell 61.49 points to close at 16,987.51, down 0.36%, while the S&P 500 index also saw losses, declining 0.60% on the day to close down 11.91 points at 1,985.54.

The NASDAQ Composite fell 24.21 points to close down 0.53% at 4,567.60, with the NASDAQ 100 following suit, closing down 23.42 points at 4,069.23, a loss of 0.57%.

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The small cap Russell 2000 posted the largest losses in Friday afternoon trade, losing a full percentage point to close at 1,160.61, down 11.73 points.  The FOX 50 fared slightly better, losing only 0.36% to close down 5.14 points at 1,403.76.

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