US stocks fall…and all eyes are on the Federal Reserve meeting

U.S. stock indexes fell in late trade yesterday, pressured by losses in tech stocks amid concerns about inflationary pressures and expectations of a Federal Reserve meeting next week.

In late trade, the Dow Jones Industrial Average fell 0.50%, or 191 points, to 38,714, the S&P 500 lost 0.65%, or 33 points, to 5,117, and the Nasdaq Composite fell 0.95%. , or 155 points, 15,973 points. .

On a weekly basis, the Dow Jones fell about 0.20% and the Nasdaq fell about 0.70%, while the Standard & Poor's Bingo index fell 0.30%. During Friday's session, Amazon shares fell 2.40% to $174.42, Alphabet shares fell 1.35% to $141.18, and Microsoft shares fell 2.05% to $416.42.

U.S. stocks have risen this year amid expectations that inflation will slow without entering a recession in a “soft landing” scenario in the economy, with hopes that the Federal Reserve will soon cut interest rates in light of tightening monetary policy.

European shares fell earlier yesterday as risk appetite remained weak and investors awaited the US Federal Reserve's decision on interest rates, but shares of telecom companies suffered limited losses.

The European STOXX 600 index fell 0.2% after hitting unprecedented levels in 3 of the past five sessions. The index posted an eighth consecutive week of gains, supported by a group of optimistic corporate valuations and expectations that the European Central Bank will cut interest rates.

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