Stocks fall as Fed's economic concerns come into focus

<p class = "canvas-textile textile Mb (1.0em) Mb (0) -sm" type = "text" content = "S & P 500 ( ^ GSPC ) step 0, 91[ads1]%, or 25.58 points, from 13.00 ET Dow ( ^ DJI ) increased by 0.79% or 203.99 points Apple's stocked progress, with stocks trading over theirs 200-day moving average, after Wall Street firm Needham upgraded the Sterk Buy share from Buy and raised the price target to $ 225 from $ 180. Nasdaq ( ^ IXIC ) rose 1.14%, or 88 points "data response time =" 16 "> S & P 500 (^ GSPC) rose 0.91%, or 25.58 points, from 1:34 pm ET. Dow (^ DJI) rose 0.79%, or 203.99 points. Apple's stock-driven advances, with stocks trading above their 200-day moving average after the Wall Street firm Needham, upgraded the stock to Strong Buy from Buy and raised their price target to $ 225 from $ 180. Nasdaq (^ IXIC) rose 1.14% or 88 points.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Equities recovered by Federal Reserve s even more startling than expected political decision Wednesday, which initially sent the three main indices higher before the reversed rates, the Federal Federal Market Committee (FOMC) decided to keep the benchmark indices unchanged at between 2.25% and 2.5% and signaled no interest rate increases in 2019. Seven officials & nbsp; see the Fed pausing at least through the end of 2020. "data-response time =" 17 "> Stocks recovered after the Federal Reserve are even more stupid than expected political decision Wednesday, which initially sent the three main indices higher before the reversed course. The Federal Open Market Committee (FOMC) decided to keep the benchmark indices unchanged between 2.25% and 2.5% and signaled no interest rate hikes in 2019. Seven officials pause the Fed at least through the end of 2020.

The shallow spot pot, or chart showing near and long-term target interest rate forecasts for each of the FOMC members, was driven by Fed's softening of the economic outlook.

<p class = "canvas-text-text Mb 1.0m) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although the markets normally respond to the Fed accommodation By bidding on stocks and other high-yielding assets, investors seemed to be dirty about the prospect of weak worldwide growth, with S & P 500 and Dow ending lower on Wednesday. Fed & nbsp; brought down its national GDP growth projection to 2.1% in 2019, from 2.3% earlier. "Data-response time =" 19 "> Although markets usually respond to the Fed accommodation by posting stocks and other high-value Assets, investors turned out to be dirty about prospects for weak worldwide growth, with S&P 500 and Dow ending lower on Wednesday. The Fed cut the median projection for GDP growth to 2.1% in 2019, from 2.3% earlier.

"Instead of a shift in Fed's reaction to engineering higher inflation, this reassessment was driven mainly by downgrading to Fed's baseline economic forecast," Matthew Luzzetti, chief US economist for Deutsche Bank, wrote in a note.

"While Chair Powell emphasized the positive aspects of the prospect at the press conference, and no officials see the Fed cuts from today's levels above the forecast horizon, it is clear that the committee no longer has a strong austerity and patience will remain the order of the day for a time," said Luzzetti.

The US Treasury's long-run end of the curve slows down after the Fed said on Wednesday that it plans to reduce the liquidation of government bond holdings, which begins in May, and plans to halt the reduction at the end of September.

The return on the 10-year note, which is reversed to the price, fell less than 1 base point to 2.53% from 1:35 ET. The dividend on the 2-year note increased by 0.6 basis points to 2.406%.

<p class = "canvas-textile textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sms = type =" text "content =" Other central central banks have also eased their monetary policy direction in the form of experienced financial risk. The Bank of England on Thursday decided to keep the benchmark price unchanged & nbsp, at 0.75, which companies are preparing for a potentially chaotic UK departure from the EU (EU). "data-reactid =" 24 "> Other central central banks have also eased their monetary policy direction in the form of experienced financial risk. The Bank of England decided on Thursday to keep the benchmark price unchanged at 0.75, as companies are preparing for a potentially chaotic British departure from the EU

<p class = "canvas-text-text-text Mb 1.0.2). Changing expectations of the potential nature and timing of the UK's withdrawal from the EU have continued to generate volatility In British property prices, particularly the sterling rate, the BOE's Monetary Policy Committee wrote in a statement on Thursday. "data-reactid =" 25 ">" Changing expectations of the potential nature and timing of the UK's withdrawal from the EU has continued to generate volatility in British property prices, particularly the sterling price, "wrote BUD's monetary policy committee in a statement Thursday.

" Brexit uncertainty also continues to weigh on self-confidence and short-term economic activity, especially business investment, "the central bank said." Employment growth has been strong, although survey indicators suggest the outlook has softened. "

<p class =" canvas-textile Mb ( 1.0em) Mb (0) – Sm Mt (0.8em) – -m "type =" text "content =" UK Prime Minister Theresa May earlier this week sent a letter to EU leaders seeking an extension to Brexit through June, after UK legislators last week voted to delay and avoid exemption retirement. These decisions still need to be endorsed by the EU but leave the potential for a disorderly breakdown still on the table. "data-reaction time =" 27 "> UK Prime Minister Theresa May earlier this week sent a letter to EU leaders seeking an extension to Brexit in June, after UK legislators last week voted to delay and avoid a non-contractual departure. decisions must still be approved by the EU but leave the potential for a disorderly breakdown still on the table.

STOCKS

<p class = "canvas-atom canvas text Mb (1.0em) Mb Biogen ( BIIB ) shares fell more than 27% around the market opened after the company & nbsp; announced & nbsp; It ended its trial of Alzheimer's disease drug aducanumab, which analysts had expected to be the bestseller. " The book BIIB ) shares plummet more than 27% around the market opened after the firm announced that it ended its lawsuit against Alzheimer's disease drug aducanumab, which analysts had expected to be bestseller.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company said in a statement that the decision to end the experiment was not Based on security issues, and instead was the result of an independent analysis showing that attempts would probably "fulfill their primary endpoint." Sales of aducanumab, under the condition of regulatory clearance, were estimated to have reached $ 12 billion, Goldman Sachs & nbsp ; wrote in 2017 . "data-reactid =" 30 "> The company said in a statement that the decision to end the trials was not based on security issues, and instead was the result of an independent analysis showing that attempts would probably not" meet their primary endpoint. " of aducanumab, supposed regulatory clearance, was estimated to have reached $ 12 billion, Goldman Sachs wrote in 2017.

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